Year Ended December 31,

2025

2024

Numerator:

Net income (loss)

$

4,822

$

(67,555)

Dividend attributable to down round feature of warrants

—

(234)

Net income (loss) attributable to common stockholders for basic and diluted income (loss) per share

$

4,822

$

(67,789)

Denominator:

Weighted average number of common shares outstanding - basic

66,140,346

37,550,677

Weighted average effect of potentially dilutive securities:

Effect of potentially dilutive common stock warrants

4,407,074

—

Effect of potentially dilutive restricted stock units

124,938

—

Weighted average common shares outstanding — diluted

70,672,358

37,550,677

Net income (loss) per share attributable to common stockholders:

Basic

$

0.07

$

(1.81)

Diluted

$

0.07

$

(1.81)