Quarterly report pursuant to Section 13 or 15(d)

Earning (Loss) Per Share (Tables)

v3.24.1.1.u2
Earning (Loss) Per Share (Tables)
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Computation of Earnings (Loss) Per Basic and Diluted Share
The following table is the basic and diluted earnings (loss) per share computation:
Three months ended
March 31,
2024 2023
Numerator:
Net income (loss) for basic earnings per share $ 413,612  $ (14,138,665)
Adjustments to net income (loss) available to shareholders
Change in fair value of SPA warrant liabilities (7,942,330) - 
Adjusted net loss for diluted earnings per share $ (7,528,718) $ (14,138,665)
 
Denominator:
Weighted average shares used to compute basic EPS 44,635,720 39,765,361
Dilutive effect of:
Restricted and performance stock units 434,562  - 
SPA Warrants 21,672,526  - 
Weighted average shares used to compute diluted EPS 66,742,808  39,765,361 
 
Basic earnings (loss) per share $ 0.01  $ (0.36)
Diluted loss per share $ (0.11) $ (0.36)
 
Anti-dilutive securities excluded from shares outstanding:
Stock options 2,555,470 3,472,129
Restricted and performance stock units 4,624,496 3,169,269
Warrants 15,800,000 18,722,425
Earnout shares 7,499,993 7,499,993
Convertible debt 119,192,018 2,922,425
Total 149,671,977 35,786,241