v3.26.1
Loss Per Share
 3 Months Ended
Mar. 31, 2026
Loss Per Share [Abstract]  
LOSS PER SHARE

18. LOSS PER SHARE

 

   For the Three Months Ended
March 31,		 
   2026   2025 
         
Net loss  $(146,669,036)  $(57,711,645)
Weighted average number of ordinary share outstanding          
Basic   325,638,843    181,413,307 
Diluted   325,638,843    181,413,307 
           
Loss per share          
Basic  $(0.45)  $(0.32)
Diluted  $(0.45)  $(0.32)

 

Basic loss per share is computed by dividing net loss attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period. The computation of diluted net loss per share does not include dilutive ordinary share equivalents in the weighted average shares outstanding, as they would be anti-dilutive.

 

For the three months ended March 31, 2026, 111,097 unvested RSUs, 350,000 stock options and 1,000,000 shares of convertible preferred shares were excluded from the calculation of diluted earnings per share because they were anti-dilutive.

 

For the three months ended March 31, 2026, approximately 36 million shares of the Company’s ordinary shares issuable upon conversion of the 2030 Notes at a conversion price of $4.16 per share were excluded from the calculation of diluted loss per share because they were anti-dilutive.

 

For the three months ended March 31, 2025, 1,036,831 unvested RSUs, 360,000 stock options and 1,000,000 shares of convertible preferred shares were excluded from the calculation of diluted earnings per share because they were anti-dilutive.