v3.26.1
Earnings per Share
 6 Months Ended
Jun. 30, 2026
NET (LOSS) PER SHARE:  
Earnings per Share

13. Earnings per Share

 

The following table sets forth the computation of basic and diluted net (loss) per share attributable to common stockholders:

 

 

 

June 30, 2026

 

 

June 30, 2025

 

 

 

Three Months Ended,

 

 

Six Months Ended,

 

 

Three Months Ended,

 

 

Six Months Ended,

 

Net (loss) 

 

$(2,406,560)

 

$(3,127,164)

 

 

(23,757,051)

 

 

(49,066)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

34,435,232

 

 

 

34,408,949

 

 

 

31,873,639

 

 

 

31,789,346

 

Add: dilutive effect of stock options, SARs and warrants

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Diluted

 

 

34,435,232

 

 

 

34,408,949

 

 

 

31,873,639

 

 

 

31,789,346

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) per share-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$(0.07)

 

$(0.09)

 

$(0.75)

 

$(0.00)

Diluted

 

$(0.07)

 

$(0.09)

 

$(0.75)

 

$(0.00)

 

The following potentially dilutive shares were not included in the calculation of diluted shares outstanding for the periods presented as the effect would have been anti-dilutive:

 

Anti-dilutive shares

 

June 30, 2026

 

 

June 30, 2025

 

Public Warrants

 

 

16,145,006

 

 

 

16,145,210

 

Private Warrants

 

 

515,000

 

 

 

515,000

 

Warrants

 

 

2,918,918

 

 

 

2,162,162

 

Outstanding stock options

 

 

3,985,632

 

 

 

-

 

 

 

 

23,564,556

 

 

 

18,822,372

 

 

The 3,750,000 remaining unvested earnout shares as of June 30, 2026 are excluded from basic and diluted net loss per share as such shares are contingently issuable until the Company exceeds certain milestone thresholds that have not been achieved.