| Schedule of Earnings Per Share, Basic and Diluted |
The table below illustrates the reconciliation of the earnings and number of shares used in our calculation of basic earnings per share attributable to common stockholders: | | | | | | | | | | | | | Three Months Ended March 31, | | 2026 | | 2025 | | Net income | $ | 7,266,192 | | | $ | 5,399,026 | | | Less: net (income) loss attributable to noncontrolling interest | — | | | (759,443) | | | Less: dividends declared on the series A convertible preferred stock | (93,750) | | | — | | | Net income attributable to common stockholders for basic earnings per share | 7,172,442 | | | 4,639,583 | | | Weighted average shares outstanding for basic earnings per share | 96,775,889 | | | 96,193,199 | | | Basic earnings per share | $ | 0.07 | | | $ | 0.05 | |
The table below illustrates the reconciliation of the earnings or loss and number of shares used in our calculation of diluted earnings or loss per share attributable to common stockholders: | | | | | | | | | | | | | Three Months Ended March 31, | | 2026 | | 2025 | | Net income attributable to common stockholders for basic earnings per share | 7,172,442 | | | 4,639,583 | | | Numerator used to calculate diluted earnings per share | 7,172,442 | | | 4,639,583 | | | | | | | Weighted average shares outstanding for basic earnings per share | 96,775,889 | | | 96,193,199 | | Effect of dilutive shares outstanding: | | | | | RSUs | 2,269,755 | | | 1,227,946 | | | Series A preferred stock | 500,000 | | | 77,778 | | | Weighted average shares for diluted earnings per share | 99,545,644 | | | 97,498,923 | | | Diluted earnings per share | $ | 0.07 | | | $ | 0.05 | |
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| Schedule of Potentially Dilutive Outstanding Securities |
The following potentially dilutive outstanding securities were excluded from the computation of diluted net earnings per share because their effect would have been anti-dilutive for the periods presented, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period: | | | | | | | | | Three Months Ended March 31, | | 2026 | | | | RSUs | 13,223 | | | | Stock Options | 147,316 | | | | | | | | | | | | Total | 160,539 | | |
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