| SCHEDULE OF NUMERATORS AND DENOMINATORS OF BASIC AND DILUTED NET INCOME (LOSS) PER SHARE AMOUNTS |
A
reconciliation of the numerators and the denominators of the basic and diluted net income (loss) per share computations are as follows
(in thousands, except per share amounts):
SCHEDULE
OF NUMERATORS AND DENOMINATORS OF BASIC AND DILUTED NET INCOME (LOSS) PER SHARE AMOUNTS
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| |
|
For the three months ended June 30, |
|
|
For the six months ended June 30, |
|
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) used for basic net income (loss) per share |
|
$ |
108,833 |
|
|
$ |
7,406 |
|
|
$ |
96,804 |
|
|
$ |
(24,172 |
) |
| Effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fair value adjustments for warrant and derivative liabilities |
|
|
4,834 |
|
|
|
(20,854 |
) |
|
|
(1,180 |
) |
|
|
— |
|
| Numerator for dilutive net income (loss) per share - net income available for common shareholders’ after the effect of dilutive securities |
|
$ |
113,667 |
|
|
$ |
(13,448 |
) |
|
$ |
95,624 |
|
|
$ |
(24,172 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average number of common shares outstanding - basic |
|
|
52,524,510 |
|
|
|
40,010,481 |
|
|
|
51,159,240 |
|
|
|
33,662,908 |
|
| Effect of dilutive shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares of common stock issuable upon exercise of stock options |
|
|
176,173 |
|
|
|
178,931 |
|
|
|
176,273 |
|
|
|
— |
|
| Shares of common stock underlying restricted stock |
|
|
5,126,127 |
|
|
|
2,293,570 |
|
|
|
4,962,006 |
|
|
|
— |
|
| Shares of common stock issuable upon exercise of warrants |
|
|
8,199,559 |
|
|
|
8,165,236 |
|
|
|
8,199,560 |
|
|
|
— |
|
| Shares of common stock issuable upon exercise of conversion feature of loan agreement |
|
|
614,251 |
|
|
|
578,497 |
|
|
|
614,251 |
|
|
|
— |
|
| Dilutive potential common shares |
|
|
14,116,110 |
|
|
|
11,216,234 |
|
|
|
13,952,090 |
|
|
|
— |
|
| Denominator for dilutive net income (loss) per share - adjusted weighted average shares used in computing net income (loss) per share - dilutive |
|
|
66,640,620 |
|
|
|
51,226,715 |
|
|
|
65,111,330 |
|
|
|
33,662,908 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic income (loss) per common share |
|
$ |
2.07 |
|
|
$ |
0.19 |
|
|
$ |
1.89 |
|
|
$ |
(0.72 |
) |
| Dilutive income (loss) per common share |
|
$ |
1.71 |
|
|
$ |
(0.26 |
) |
|
$ |
1.47 |
|
|
$ |
(0.72 |
) |
|
| SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE |
SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE
| |
|
For the three months ended June 30, |
|
|
For the six months ended June 30, |
|
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Shares of common stock issuable upon exercise of stock options |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
178,859 |
|
| Shares of common stock underlying restricted stock |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,647,666 |
|
| Shares of common stock issuable upon exercise of conversion feature of loan agreement |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
614,251 |
|
| Shares of common stock issuable upon exercise of warrants |
|
|
1,788,000 |
|
|
|
1,788,000 |
|
|
|
1,788,000 |
|
|
|
9,987,560 |
|
| Total |
|
|
1,788,000 |
|
|
|
1,788,000 |
|
|
|
1,788,000 |
|
|
|
12,428,336 |
|
|