For the three and nine months ended September 30, 2026 and 2025, basic net income (loss) per share was computed by dividing net income (loss) attributable to holders of Class A Common Stock by the weighted average number of shares of Class A Common Stock outstanding during the respective periods. Diluted net income (loss) per share was computed by dividing net income (loss) attributable to holders of Class A Common Stock by the weighted-average number of shares of Class A Common Stock outstanding, adjusted to give effect to potentially dilutive securities.

For the three and nine months ended September 30, 2026 and 2025, the Company excluded potentially dilutive securities from the computation of diluted net income (loss) per share because their inclusion would have been anti-dilutive. As a result, the weighted average number of shares of Class A Common Stock outstanding used to calculate basic and diluted net income (loss) per share is the same.

The following table presents the numerator and denominator used to compute basic and diluted net income per share of Class A Common Stock:


	Three months ended September 30,		Nine months ended September 30,
	2026		2025		2026		2025
Net income	$	6,218,525	$	5,318,677	$	13,416,994	$	2,623,970
Net income attributable to noncontrolling interests	(2,416,741)		(2,004,779)		(5,183,752)		(967,268)
Net income attributable to holders of Class A Common Stock	$	3,801,784	$	3,313,898	$	8,233,242	$	1,656,702

Weighted average shares of Class A Common Stock outstanding, basic	40,960,842		40,615,773		40,840,312		40,631,315


Net income per share of Class A Common Stock, basic and diluted	$	0.09	$	0.08	$	0.20	$	0.04

The following potentially dilutive securities were excluded from the diluted earnings per share for the periods presented:


	Three months ended September 30,	Nine months ended September 30,
	2026	2025	2026	2025
Performance Stock Units	338,955	-	212,312	-
Restricted Stock Units	234,851	-	147,104	-
Public Warrants	11,150,543	11,150,543	11,150,543	11,150,543
Class C Common Shares	25,994,400	25,994,400	25,994,400	25,994,400
Total shares excluded	37,718,749	37,144,943	37,504,359	37,144,943