| Summary of Computations of Basic and Diluted Loss Per Share |
The following table sets forth the computations of basic and diluted loss per share of common stock and Series A Preferred Stock using the two-class method and the if-converted method, respectively, for the three and six months ended June 30, 2026 and June 30, 2025. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, 2026 | | June 30, 2025 | | June 30, 2026 | | June 30, 2025 | Basic shares: | | | | | | | | | Numerator: | | | | | | | | Net loss | $ | (13,342) | | | $ | (233) | | | $ | (54,891) | | | $ | (26,026) | | Undistributed loss allocated to Series A Preferred Stock | 61 | | | 2 | | | 252 | | | 212 | | Net loss available to holders of common stock | $ | (13,281) | | | $ | (231) | | | $ | (54,639) | | | $ | (25,814) | | | Denominator: | | | | | | | | Weighted average common stock outstanding – basic | 217,216,768 | | | 121,476,215 | | | 217,233,878 | | | 121,476,215 | | Weighted average Series A Preferred Stock outstanding – basic | 1,000,000 | | | 1,000,000 | | | 1,000,000 | | | 1,000,000 | | Basic loss per common stock | $ | (0.06) | | | $ | (0.00) | | | $ | (0.25) | | | $ | (0.21) | | Basic loss per Series A Preferred Stock | $ | (0.06) | | | $ | (0.00) | | | $ | (0.25) | | | $ | (0.21) | | | | | | | | | | Dilutive shares: | | | | | | | | | Numerator: | | | | | | | | | Undistributed loss allocated to common stock | $ | (13,281) | | | $ | (231) | | | $ | (54,639) | | | $ | (25,814) | | Undistributed loss allocated to Series A Preferred Stock | (61) | | | (2) | | | (252) | | | (212) | | Total undistributed loss | $ | (13,342) | | | $ | (233) | | | $ | (54,891) | | | $ | (26,026) | | | Denominator: | | | | | | | | Weighted average common stock outstanding – basic | 217,216,768 | | | 121,476,215 | | | 217,233,878 | | | 121,476,215 | | | Add: dilutive securities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Series A Preferred Stock | 1,000,000 | | | 1,000,000 | | | 1,000,000 | | | 1,000,000 | | Weighted average common stock outstanding – diluted | 218,216,768 | | | 122,476,215 | | | 218,233,878 | | | 122,476,215 | | Weighted average Series A Preferred Stock outstanding – diluted | 1,000,000 | | | 1,000,000 | | | 1,000,000 | | | 1,000,000 | | Diluted loss per common stock | $ | (0.06) | | | $ | (0.00) | | | $ | (0.25) | | | $ | (0.21) | | Diluted loss per Series A Preferred Stock | $ | (0.06) | | | $ | (0.00) | | | $ | (0.25) | | | $ | (0.21) | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Summary of Antidilutive Securities Excluded from the Computation of Diluted Loss Per Common Stock |
For the three and six months ended June 30, 2026 and June 30, 2025, the Company excluded the following potentially dilutive shares from the computation of diluted loss per common stock as the impact would have been anti-dilutive: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | Potentially dilutive securities | June 30, 2026 | | June 30, 2025 | | June 30, 2026 | | June 30, 2025 | Stock options(1) | — | | | — | | | — | | | 2,914 | | Warrants(1) | — | | | — | | | — | | | 106,451 | | | Restricted stock awards | 3,151,618 | | | — | | | 3,260,838 | | | — | | | Restricted stock units | 2,205,996 | | | 2,189,643 | | | 1,891,184 | | | 2,071,531 | | Shares issuable pursuant to the Series A Preferred Stock dividend(2) | — | | | 1,577,944 | | | — | | | 788,972 | | | | | | | | | | (1) For the three and six months ended June 30, 2026, and the three months ended June 30, 2025, the stock options and warrants were out of the money. | (2) See discussion of the Annual Dividend Amount in “Note 3. Stockholders’ Equity.” |
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