A
reconciliation of the numerators and the denominators of the basic and diluted net income (loss) per share computations are as follows
(in thousands, except share and per share amounts):
SCHEDULE
OF NUMERATORS AND DENOMINATORS OF BASIC AND DILUTED NET INCOME (LOSS) PER SHARE AMOUNTS
| | |
2025 | | |
2024 | |
| | |
For
the year ended December 31, | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Numerator: | |
| | | |
| | |
| Net
income (loss) used for basic net income (loss) per share | |
$ | 71,183 | | |
$ | (63,734 | ) |
| Effect
of dilutive securities: | |
| | | |
| | |
| Fair
value adjustments for warrant liabilities | |
| (4,106 | ) | |
| — | |
| Numerator
for dilutive net income (loss) per share - net income (loss) available for common shareholders’ after the effect of dilutive
securities | |
$ | 67,077 | | |
$ | (63,734 | ) |
| | |
| | | |
| | |
| Denominator: | |
| | | |
| | |
| Weighted
average number of common shares outstanding - basic | |
| 52,952,917 | | |
| 41,048,206 | |
| Effect
of dilutive shares: | |
| | | |
| | |
| Shares
of common stock issuable upon exercise of stock options | |
| 176,170 | | |
| — | |
| Shares
of common stock underlying restricted stock | |
| 4,581,249 | | |
| — | |
| Shares
of common stock issuable upon exercise of warrants | |
| 7,811,234 | | |
| — | |
| Shares
of common stock issuable upon exercise of conversion feature of loan agreement | |
| 614,251 | | |
| — | |
| Dilutive
potential common shares | |
| 13,182,904 | | |
| — | |
| Denominator
for dilutive net income (loss) per share - adjusted weighted average shares used in computing net income (loss) per share - dilutive | |
| 66,135,821 | | |
| 41,048,206 | |
| | |
| | | |
| | |
| Earnings
per share: | |
| | | |
| | |
| Basic
income (loss) per common share | |
$ | 1.34 | | |
$ | (1.55 | ) |
| Dilutive
income (loss) per common share | |
$ | 1.01 | | |
$ | (1.55 | ) |
|