Year Ended December 31,

2023

2022

2021

Net income for basic earnings per share

$

68,068,826

$

33,904,806

$

69,450,766

Less: Change in fair value of warrants

—

400,663

117,770

Net income, adjusted for change in fair value of warrants for diluted earnings per share

$

68,068,826

$

33,504,143

$

69,332,996

Weighted-average shares

71,362,209

72,929,550

75,322,194

Effect of potential common shares

317,061

616,951

1,080,522

Weighted-average shares: diluted

71,679,270

73,546,501

76,402,716

Earnings per share: basic

$

0.95

$

0.46

$

0.92

Earnings per share: diluted

$

0.95

$

0.46

$

0.91