|
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 share and per share amounts):
SCHEDULE
OF NUMERATORS AND DENOMINATORS OF BASIC AND DILUTED NET INCOME (LOSS) PER SHARE AMOUNTS
| |
|
2025 |
|
|
2024 |
|
| |
|
For
the year ended December 31, |
|
| |
|
2025 |
|
|
2024 |
|
| |
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
| Net
income (loss) used for basic net income (loss) per share |
|
$ |
71,183 |
|
|
$ |
(63,734 |
) |
| Effect
of dilutive securities: |
|
|
|
|
|
|
|
|
| Fair
value adjustments for warrant liabilities |
|
|
(4,106 |
) |
|
|
— |
|
| Numerator
for dilutive net income (loss) per share - net income (loss) available for common shareholders’ after the effect of dilutive
securities |
|
$ |
67,077 |
|
|
$ |
(63,734 |
) |
| |
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
| Weighted
average number of common shares outstanding - basic |
|
|
52,952,917 |
|
|
|
41,048,206 |
|
| Effect
of dilutive shares: |
|
|
|
|
|
|
|
|
| Shares
of common stock issuable upon exercise of stock options |
|
|
176,170 |
|
|
|
— |
|
| Shares
of common stock underlying restricted stock |
|
|
4,581,249 |
|
|
|
— |
|
| Shares
of common stock issuable upon exercise of warrants |
|
|
7,811,234 |
|
|
|
— |
|
| Shares
of common stock issuable upon exercise of conversion feature of loan agreement |
|
|
614,251 |
|
|
|
— |
|
| Dilutive
potential common shares |
|
|
13,182,904 |
|
|
|
— |
|
| Denominator
for dilutive net income (loss) per share - adjusted weighted average shares used in computing net income (loss) per share - dilutive |
|
|
66,135,821 |
|
|
|
41,048,206 |
|
| |
|
|
|
|
|
|
|
|
| Earnings
per share: |
|
|
|
|
|
|
|
|
| Basic
income (loss) per common share |
|
$ |
1.34 |
|
|
$ |
(1.55 |
) |
| Dilutive
income (loss) per common share |
|
$ |
1.01 |
|
|
$ |
(1.55 |
) |
|