| Schedule of Basic and Diluted Earnings Per Share |
The following table sets forth the calculation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) - basic and diluted |
|
$ |
(39,205 |
) |
|
$ |
(219 |
) |
|
$ |
(40,268 |
) |
|
$ |
(8,312 |
) |
Net (income) loss attributable to non-
controlling interests |
|
|
115 |
|
|
|
- |
|
|
|
115 |
|
|
|
- |
|
Earnings allocated to participating securities |
|
|
(4,420 |
) |
|
|
(2,367 |
) |
|
|
(5,507 |
) |
|
|
(3,540 |
) |
Net income (loss) attributable to common
stockholders - basic and diluted |
|
$ |
(43,510 |
) |
|
$ |
(2,586 |
) |
|
$ |
(45,660 |
) |
|
$ |
(11,852 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding - basic
and diluted |
|
|
17,144 |
|
|
|
5,461 |
|
|
|
15,948 |
|
|
|
5,060 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) per common share - basic
and diluted |
|
$ |
(2.54 |
) |
|
$ |
(0.47 |
) |
|
$ |
(2.86 |
) |
|
$ |
(2.34 |
) |
|
The following table sets forth the calculation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):
|
|
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
|
|
|
|
2025 |
|
|
2024 |
|
|
|
|
(As restated) |
|
|
|
|
Numerator: |
|
|
|
|
|
|
Net income (loss) - basic and diluted |
|
$ |
(3,585 |
) |
|
$ |
(11,561 |
) |
Less: Earnings allocated to participating securities |
|
|
(7,341 |
) |
|
|
(5,266 |
) |
Net income (loss) attributable to common
stockholders - basic and diluted |
|
$ |
(10,926 |
) |
|
$ |
(16,827 |
) |
Denominator: |
|
|
|
|
|
|
|
|
Weighted average shares outstanding - basic and diluted |
|
|
|
8,378 |
|
|
|
|
4,340 |
|
Net income (loss) per common share - basic and diluted |
|
$ |
(1.30 |
) |
|
$ |
(3.88 |
) |
|
| Schedule of Diluted Earnings Per Share |
The Company had the following shares that were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive for the periods presented but could potentially dilute basic earnings per share in future periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Series B Preferred Stock |
|
|
46,483 |
|
|
|
18,476 |
|
|
|
46,483 |
|
|
|
18,476 |
|
Series C Preferred Stock |
|
|
- |
|
|
|
56,000 |
|
|
|
- |
|
|
|
56,000 |
|
Series D Preferred Stock |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Restricted Stock Units |
|
|
106,440 |
|
|
|
- |
|
|
|
106,440 |
|
|
|
- |
|
Restricted Stock |
|
|
358,893 |
|
|
|
- |
|
|
|
358,893 |
|
|
|
- |
|
Total |
|
|
511,816 |
|
|
|
74,476 |
|
|
|
511,816 |
|
|
|
74,476 |
|
|
The Company had the following shares that were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive for the periods presented but could potentially dilute basic earnings per share in future periods:
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
|
|
2025 |
|
2024 |
|
Series A Preferred Stock |
|
— |
|
|
|
19,000 |
|
Series B Preferred Stock |
|
|
35,524 |
|
|
|
9,823 |
|
Restricted stock |
|
|
358,893 |
|
|
— |
|
Total |
|
|
394,417 |
|
|
|
28,823 |
|
|