| Earnings (Loss) Per Share |
Earnings (Loss) Per Share The following table is the basic and diluted earnings loss per share computation. For all periods presented, weighted average shares and loss per share reflect the effects of the Reverse Stock Split.
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Three months ended
September 30, |
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Nine months ended September 30, |
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2024 |
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2023 |
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2024 |
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2023 |
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| Numerator: |
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| Net loss for basic earnings per share |
$ |
(11,356,956) |
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$ |
(17,678,787) |
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$ |
(16,316,664) |
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$ |
(11,144,012) |
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| Adjusted net loss for diluted earnings per share |
$ |
(11,356,956) |
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$ |
(17,678,787) |
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$ |
(16,316,664) |
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$ |
(11,144,012) |
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| Denominator: |
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| Weighted average shares used to compute basic EPS |
2,676,003 |
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1,143,198 |
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1,910,761 |
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1,123,695 |
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| Weighted average shares used to compute diluted EPS |
2,676,003 |
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1,143,198 |
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1,910,761 |
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1,123,695 |
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| Basic loss per share |
$ |
(4.24) |
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$ |
(15.46) |
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$ |
(8.54) |
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$ |
(9.92) |
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| Diluted loss per share |
$ |
(4.24) |
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$ |
(15.46) |
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$ |
(8.54) |
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$ |
(9.92) |
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| Anti-dilutive securities excluded from shares outstanding: |
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| Stock options |
25,023 |
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85,683 |
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25,023 |
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85,683 |
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| Restricted and performance stock units |
333,175 |
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66,989 |
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333,175 |
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66,989 |
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| Warrants |
545,419 |
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530,808 |
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545,419 |
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530,808 |
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| Earnout shares |
208,333 |
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208,333 |
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208,333 |
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208,333 |
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| Convertible debt |
12,505,433 |
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134,882 |
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12,505,433 |
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134,882 |
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| Total |
13,617,383 |
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1,026,695 |
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13,617,383 |
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1,026,695 |
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