The following table sets forth the computation of basic and diluted earnings (loss) per share for the six months ended June 30, 2026 and June 30, 2025:


	Three Months Ended June 30,
	2026		2025
Numerator:
Net income (loss)	$	(8,012,905)	$	3,690,773
Less: preferred stock dividends	(1,185,043)		(1,185,042)
Net income (loss) available to common stockholders	$	(9,197,948)	$	2,505,731

Denominator:
Weighted-average shares of common stock outstanding - basic and diluted	52,459,976		52,332,304

Earnings (loss) per share:
Basic and diluted	$	(0.18)	$	0.05


	Six Months Ended June 30,
	2026		2025
Numerator:
Net income (loss)	$	(7,806,322)	$	3,168,205
Less: preferred stock dividends	(2,370,001)		(2,370,000)
Net income (loss) available to common stockholders	$	(10,176,323)	$	798,205

Denominator:
Weighted-average shares of common stock outstanding - basic and diluted	52,430,232		52,321,157

Earnings (loss) per share:
Basic and diluted	$	(0.19)	$	0.02