| Schedule of Computation of Basic and Diluted Net Loss per Share |
The following table sets forth the computation of the basic and diluted net loss per share: | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended June 30, | | For the Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator | | | | | | | | | Net income (loss) attributable to common shareholders - basic | $ | (22,876,334) | | | $ | 12,118,574 | | | $ | (72,242,206) | | | $ | 10,296,097 | | | Interest expense on convertible note | — | | | — | | | — | | | 118,339 | | | Net income (loss) attributable to common shareholders - diluted | (22,876,334) | | | $ | 12,118,574 | | | (72,242,206) | | | $ | 10,414,436 | | | | | | | | | | | Denominator | | | | | | | | | Weighted average shares of Common Stock outstanding - basic | 31,740,634 | | 16,983,356 | | 31,680,098 | | 15,500,358 | | | | | | | | | | Dilutive effect of stock options | — | | 695,616 | | — | | 663,209 | | Dilutive effect of warrants | — | | 220,150 | | — | | — | | Dilutive effect of convertible preferred stock | — | | 8,046,562 | | — | | 7,805,256 | | Dilutive effect of convertible note | — | | 541,108 | | — | | 270,554 | | | | | | | | | | Weighted average shares of Common Stock outstanding - diluted | 31,740,634 | | 26,486,792 | | 31,680,098 | | 24,239,377 | | | | | | | | | | Net income (loss) per share | | | | | | | | | Basic | $ | (0.72) | | | $ | 0.71 | | | $ | (2.28) | | | $ | 0.66 | | | Diluted | $ | (0.72) | | | $ | 0.46 | | | $ | (2.28) | | | $ | 0.43 | |
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| Schedule of Potentially Dilutive Securities Excluded from Computation |
The table below sets forth all outstanding potentially dilutive securities which were not included in the calculation of diluted earnings per share because their impact would have been antidilutive. | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended June 30, | | For the Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Potentially dilutive securities: | | | | | | | | | Warrants | 722,671 | | 478,713 | | 722,671 | | 478,713 | | Stock options | 1,182,034 | | — | | 1,182,034 | | — | | Convertible note | 1,494,673 | | — | | 794,703 | | — | | Total | 3,399,378 | | 478,713 | | 2,699,408 | | 478,713 |
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