Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Computation of Basic and Diluted Earnings Per Share

The following table shows the computation of basic and diluted earnings per share for the three months ended June 30, 2025 and 2024 in thousands, except share and per share amounts:


	Three Months Ended June 30,
	2025		2024
Numerator:
Net Income	$	608	$	284
Denominator:
Weighted average common shares outstanding - Basic		64,043,388		60,008,779
Dilutive effect of stock options, RSUs and warrants		—		—
Weighted average common shares outstanding - Diluted		71,261,322		83,633,139
Basic income per share	$	0.01	$ 0.00
Diluted income per share (1)	$	0.01	$ 0.00

The following table shows the computation of basic and diluted earnings per share for the six months ended June 30, 2025 and 2024 in thousands, except share and per share amounts:


	Six Months Ended June 30,
	2025		2024
Numerator:
Net Income (Loss)	$	762	$	(6,095	)
Denominator:
Weighted average common shares outstanding - Basic		63,132,541		59,621,946
Dilutive effect of stock options, RSUs and warrants		—		—
Weighted average common shares outstanding - Diluted		70,350,475		59,621,946
Basic income (loss) per share	$	0.01	$	(0.10	)
Diluted income (loss) per share (1)	$	0.01	$	(0.10	)

(1) There were 17,732,764 warrants and 7,217,934 RSUs outstanding at June 30, 2025 and there were 17,732,764 warrants, 246,667 options, and 5,179,222 RSUs outstanding at June 30, 2024. The Company excluded the warrants for the three months ended June 30, 2025 and 2024 and for the six months ended June 30, 2025, and excluded the warrants, options and RSUs from the calculation of diluted EPS for the six months ended June 30, 2024, as inclusion would have an anti-dilutive effect.