Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Earnings applicable to common stock and common stock shares used in the calculation of basic and diluted earnings per share are as follows:

Earnings applicable to common stock and common stock shares used in the calculation of basic and diluted earnings per share are as follows:


		Three months ended March 31,
		2025				2024
Numerator: (in Thousands)
Net income		$	80			$	893

Denominator:
Weighted average number of basic common shares outstanding			70,103,279				52,675,851
Weighted average additional shares assuming conversion of in-the-money stock options to common shares			2,528,837				250,000
Weighted average additional shares assuming conversion of issued convertible preferred stock			—				5,109,890
Weighted average number of diluted common shares outstanding			72,632,116				58,035,741

Basic earnings per common share:
Net income per share – basic		$	—			$	0.02
Diluted earnings per common share:
Net income per share – diluted		$	—			$	0.02