Basic earnings (loss) per share represents net income (loss) attributable to stockholders divided by the weighted average number of common stock outstanding during the reported period. Treasury stock is

excluded from the weighted average number of shares of common stock outstanding. Diluted earnings (loss) per share is computed by giving effect to all potential weighted average dilutive common stock. For diluted earnings (loss) per share, the dilutive effect of outstanding awards is reflected by application of the treasury stock method and convertible securities by application of the if converted method, as applicable.

The table below illustrates the reconciliation of the earnings or loss and number of shares used in our calculation of basic earnings or loss per share attributable to common shareholders:


	Three Months Ended March 31,
	2025		2024
Net income (loss) attributable to common stockholders for basic and diluted earnings (loss) per share	$	4,639,583	$	(1,348,745)

Weighted-average common shares outstanding for basic earnings (loss) per share	96,193,199		63,027,246
RSUs	1,227,946		—
Series A preferred stock	77,778		—



Shares used for diluted earnings per share	97,498,923		63,027,246
Earnings (loss) per share:
Basic earnings (loss) per share	$	0.05	$	(0.02)
Diluted earnings (loss) per share	$	0.05	$	(0.02)