Three Months Ended September 30,

Nine Months Ended September 30,

2024

2023

2024

2023

Numerator:

Net income

$

2,856

$

7,510

$

17,329

$

15,497

Less: Allocation of undistributed earnings to noncontrolling interest

1,732

3,534

5,145

7,424

Net income attributable to common stockholders - basic

$

1,124

$

3,976

$

12,184

$

8,073

  Less: Change in fair value of warrant liability

(228

)

—

6,973

—

Net income attributable to common stockholders - diluted

$

1,352

$

3,976

$

5,211

$

8,073

Denominator:

Basic common shares outstanding:

Weighted average common shares outstanding

85,643,646

63,588,119

84,807,041

63,588,119

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

85,643,646

63,588,119

84,807,041

63,588,119

Dilutive potential common shares:

Weighted average of common stock options

16,765,219

15,316,205

16,722,627

15,319,576

Weighted average of Convertible Preferred Stock (as converted)

—

—

703,946

—

Weighted average of Preferred Stock Warrants (as converted)

231,508

—

271,971

—

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

102,640,373

78,904,324

102,505,585

78,907,695

Net income per share attributable to common stockholders:

Basic

$

0.01

$

0.06

$

0.14

$

0.13

Diluted

$

0.01

$

0.05

$

0.05

$

0.10