| 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
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For the three months ended
September 30,
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For the nine months ended
September 30,
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2025 |
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2024 |
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2025 |
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2024 |
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| Numerator: |
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| Net income (loss) used for basic net income (loss) per share |
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$ |
(5,161 |
) |
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$ |
(30,269 |
) |
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$ |
91,643 |
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$ |
(54,441 |
) |
| Effect of dilutive securities: |
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| Fair value adjustments for warrant and derivative liabilities |
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— |
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— |
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(3,077 |
) |
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— |
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| Numerator for dilutive net income (loss) per share - net income available for common shareholders’ after the effect of dilutive securities |
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$ |
(5,161 |
) |
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$ |
(30,269 |
) |
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$ |
88,566 |
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$ |
(54,441 |
) |
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| Denominator: |
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| Weighted average number of common shares outstanding - basic |
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54,242,507 |
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48,081,758 |
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52,198,290 |
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38,504,273 |
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| Effect of dilutive shares: |
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| Shares of common stock issuable upon exercise of stock options |
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— |
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— |
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176,221 |
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— |
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| Shares of common stock underlying restricted stock |
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— |
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— |
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4,739,644 |
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— |
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| Shares of common stock issuable upon exercise of warrants |
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— |
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— |
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8,052,244 |
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— |
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| Shares of common stock issuable upon exercise of conversion feature of loan agreement |
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— |
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— |
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614,251 |
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— |
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| Dilutive potential common shares |
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— |
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— |
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13,582,360 |
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— |
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| Denominator for dilutive net income (loss) per share - adjusted weighted average shares used in computing net income (loss) per share - dilutive |
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54,242,507 |
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48,081,758 |
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65,780,650 |
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38,504,273 |
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| Earnings per share: |
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| Basic income (loss) per common share |
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$ |
(0.10 |
) |
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$ |
(0.63 |
) |
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$ |
1.76 |
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$ |
(1.41 |
) |
| Dilutive income (loss) per common share |
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$ |
(0.10 |
) |
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$ |
(0.63 |
) |
|
$ |
1.35 |
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$ |
(1.41 |
) |
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| SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE |
SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE
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For the three months ended
September 30,
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For the nine months ended
September 30,
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|
2025 |
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|
2024 |
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|
2025 |
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|
2024 |
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| Shares of common stock issuable upon exercise of stock options |
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176,019 |
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177,138 |
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— |
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177,138 |
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| Shares of common stock underlying restricted stock |
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4,085,621 |
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3,268,414 |
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— |
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3,268,414 |
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| Shares of common stock issuable upon exercise of conversion feature of loan agreement |
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|
614,251 |
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614,251 |
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— |
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614,251 |
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| Shares of common stock issuable upon exercise of warrants |
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8,917,078 |
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9,987,560 |
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1,804,474 |
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9,987,560 |
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| Total |
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13,792,969 |
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14,047,363 |
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1,804,474 |
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14,047,363 |
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