| Schedule of Computation of Basic and Diluted Net (Loss) Profit per share |
The following table sets forth the computation of the Company’s basic and diluted net (loss) income per share:
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|
Year Ended December 31, |
|
|
Year Ended December 31, |
|
(in thousands, except share amounts) |
|
2025 |
|
|
2024 |
|
Numerator: |
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|
|
|
|
|
Net loss |
|
$ |
(67,114 |
) |
|
$ |
(101,495 |
) |
Less: Net loss attributable to redeemable noncontrolling interests |
|
|
(50,529 |
) |
|
|
(73,384 |
) |
Less: Net income (loss) attributable to noncontrolling interests |
|
|
1,007 |
|
|
|
(7,037 |
) |
Add: Series A Preferred Dividends |
|
|
(4,166 |
) |
|
|
(3,258 |
) |
Add: Series B Preferred Dividends |
|
|
(5,806 |
) |
|
|
(1,233 |
) |
Basic Net loss attributable to common stockholders |
|
$ |
(27,564 |
) |
|
$ |
(25,565 |
) |
Denominator: |
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|
|
Weighted Average Class A Common Stock outstanding |
|
|
19,946,794 |
|
|
|
17,757,741 |
|
Weighted Average Class A Common Stock issuable under Series A Penny Warrants |
|
|
1,300,950 |
|
|
|
1,051,749 |
|
Weighted Average Class A Common Stock issuable under Series B Penny Warrants |
|
|
5,990,160 |
|
|
|
5,000,000 |
|
Weighted Average Shares Outstanding - basic and diluted |
|
|
27,237,904 |
|
|
|
23,809,490 |
|
Basic and Diluted Earnings (Loss) Per Share |
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|
|
|
|
|
Basic |
|
$ |
(1.01 |
) |
|
$ |
(1.07 |
) |
Diluted |
|
$ |
(1.01 |
) |
|
$ |
(1.07 |
) |
|
| Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
The following table summarizes potentially dilutive outstanding securities for the year ended December 31, 2025 which were excluded from the calculation of diluted EPS, because their effect would have been anti-dilutive:
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|
December 31, 2025 |
|
|
December 31, 2024 |
|
Public warrants |
|
|
2,519,869 |
|
|
|
2,519,869 |
|
Private Placement Warrants |
|
|
4,333,333 |
|
|
|
4,333,333 |
|
Series A Penny Warrants |
|
|
1,300,950 |
|
|
|
1,274,742 |
|
Class B Common Stock |
|
|
59,930,000 |
|
|
|
59,930,000 |
|
Total anti-dilutive features |
|
|
68,084,152 |
|
|
|
68,057,944 |
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|