The Company calculates basic loss per share by dividing net loss by the weighted average number of common shares outstanding. The Company calculates diluted loss per share by dividing net loss by the weighted average number of common shares outstanding plus the dilutive effect of all outstanding share-based awards, including stock options and restricted stock awards.

For the three months ended March 31, 2025 and 2024, given the net loss attributable to the Company common stockholders, potential common shares that would have caused dilution, such as employee stock options, restricted shares and other stock awards, were excluded from the diluted share count because their effect would have been anti-dilutive.

The Company applies the two-class method to calculate loss per share. Because both classes share the same rights in dividends and losses, loss per share (basic and diluted) is the same for both classes.


	Three Months Ended March 31,
	2025		2024
Basic Loss Per Share
Numerator:
Undistributed net loss from operations	$	(32,367)	$	(14,154)



Basic net loss attributable to common shares	$	(32,367)	$	(14,154)
Denominator:
Basic weighted average shares outstanding	17,205		16,685
Basic undistributed net loss per share attributable to common shares	$	(1.88)	$	(0.85)

Diluted Loss Per Share
Numerator:
Undistributed net loss from operations	$	(32,367)	$	(14,154)



Diluted net loss attributable to common shares	$	(32,367)	$	(14,154)
Denominator:
Basic weighted average shares outstanding	17,205		16,685

Effect of dilutive options and restricted share units	—		—
Diluted weighted average shares outstanding	17,205		16,685
Diluted undistributed net loss per share attributable to common shares	$	(1.88)	$	(0.85)