| Earning (Loss) Per Share |
Earnings (Loss) Per Share The following table is the basic and diluted earnings (loss) per share computation:
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Three months ended
March 31, |
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2024 |
2023 |
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| Numerator: |
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| Net income (loss) for basic earnings per share |
$ |
413,612 |
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$ |
(14,138,665) |
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| Adjustments to net income (loss) available to shareholders |
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| Change in fair value of SPA warrant liabilities |
(7,942,330) |
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| Adjusted net loss for diluted earnings per share |
$ |
(7,528,718) |
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$ |
(14,138,665) |
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| Denominator: |
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| Weighted average shares used to compute basic EPS |
44,635,720 |
39,765,361 |
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| Dilutive effect of: |
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| Restricted and performance stock units |
434,562 |
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| SPA Warrants |
21,672,526 |
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| Weighted average shares used to compute diluted EPS |
66,742,808 |
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39,765,361 |
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| Basic earnings (loss) per share |
$ |
0.01 |
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$ |
(0.36) |
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| Diluted loss per share |
$ |
(0.11) |
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$ |
(0.36) |
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| Anti-dilutive securities excluded from shares outstanding: |
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| Stock options |
2,555,470 |
3,472,129 |
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| Restricted and performance stock units |
4,624,496 |
3,169,269 |
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| Warrants |
15,800,000 |
18,722,425 |
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| Earnout shares |
7,499,993 |
7,499,993 |
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| Convertible debt |
119,192,018 |
2,922,425 |
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| Total |
149,671,977 |
35,786,241 |
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