The following table presents a reconciliation of net loss and the shares used in calculating weighted average basic and diluted earnings per common share for the three and six months ended June 30, 2025 and June 30, 2024. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended June 30, | | For the Six Months Ended June 30, | | | | 2025 | | 2024 | | 2025 | | 2024 | | Net Loss | | $ | (75,608) | | | $ | (48,350) | | | $ | (48,276) | | | $ | (33,834) | | | Less: Preferred dividends | | (3,003) | | | (2,996) | | | (6,003) | | | (5,991) | | | Net Loss related to common stockholders | | $ | (78,611) | | | $ | (51,346) | | | $ | (54,279) | | | $ | (39,825) | | | | | | | | | | | | Weighted average common shares outstanding – basic | | 83,803 | | | 48,770 | | | 79,536 | | | 48,770 | | | Add: Effect of dilutive non-vested awards, assumed vested | | — | | | — | | | — | | | — | | | Weighted average common shares outstanding – diluted | | 83,803 | | | 48,770 | | | 79,536 | | | 48,770 | | | | | | | | | | | | Net Loss per share related to common stockholders - basic | | (0.94) | | | (1.05) | | | (0.68) | | | (0.82) | | | Net Loss per share related to common stockholders - diluted | | (0.94) | | | (1.05) | | | (0.68) | | | (0.82) | |
|