Quarterly report [Sections 13 or 15(d)]

Earning (Loss) Per Share (Details)

v3.25.1
Earning (Loss) Per Share (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Numerator:        
Net income (loss) $ 4,540,975 $ 20,673,440 $ (68,297,961) $ 6,534,775
Adjustments to net income (loss) available to shareholders        
Change in fair value of SPA warrant liabilities (4,441,987) 0 0 0
New convertible debentures interest and change in fair value (7,454,365) 1,129,509    
Convertible secured term loans interest and amortization 1,326,657 0    
Adjusted net income (loss) for diluted earnings per share $ (6,028,720) $ 21,802,949 $ (68,297,961) $ 6,534,775
Denominator:        
Weighted average shares used to compute basic EPS (in shares) 1,950,563 1,110,091 1,667,187 1,107,580
Dilutive effect of:        
Stock options (in shares) $ 0 $ 10,561 $ 0 $ 5,281
Restricted and performance stock units (in shares) 17,786 29,984 0 14,992
SPA Warrants (in shares) 144,759 0 0 0
Convertible debt (in shares) $ 3,251,287 $ 81,178    
Diluted weighted average shares outstanding (in shares) 5,364,395 1,231,814 1,667,187 1,127,853
Basic earnings (loss) per share (in dollars per share) $ 2.33 $ 18.62 $ (40.97) $ 5.90
Diluted loss per share (in dollars per share) $ (1.12) $ 17.70 $ (40.97) $ 5.79
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 863,754 790,744 4,259,800 871,922
Stock options        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 50,736 21,230 50,736 21,230
Restricted and performance stock units        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 165,796 41,114 165,796 41,114
Warrants        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 438,889 520,067 583,648 520,067
Earnout shares        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 208,333 208,333 208,333 208,333
Convertible debt        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 0 0 3,251,287 81,178