Three Months Ended June 30,

Six Months Ended June 30,

2024

2023

2024

2023

Numerator:

Net income

$

4,538

$

3,770

$

14,473

$

7,987

Less: Allocation of undistributed earnings to noncontrolling interest

1,010

1,917

3,413

3,890

Net income attributable to common stockholders - basic

$

3,528

$

1,853

$

11,060

$

4,097

  Less: Change in fair value of warrant liability

2,913

—

7,201

—

Net income attributable to common stockholders - diluted

$

615

$

1,853

$

3,859

$

4,097

Denominator:

Basic common shares outstanding:

Weighted average common shares outstanding

85,502,403

63,588,119

84,384,141

63,588,119

Weighted average shares used in calculating net income per share attributable to common stockholders, basic

85,502,403

63,588,119

84,384,141

63,588,119

Dilutive potential common shares:

Weighted average of common stock options

16,453,298

15,316,205

16,688,181

15,321,289

Weighted average of Convertible Preferred Stock (as converted)

2,119,575

—

1,059,788

—

Weighted average of Preferred Stock Warrants (as converted)

250,187

—

288,974

—

Weighted average shares used in calculating net income per share attributable to common stockholders, diluted

104,325,463

78,904,324

102,421,084

78,909,408

Net income per share attributable to common stockholders:

Basic

$

0.04

$

0.03

$

0.13

$

0.06

Diluted

$

0.01

$

0.02

$

0.04

$

0.05