NET INCOME (LOSS) PER COMMON SHARE

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER COMMON SHARE

17. NET INCOME (LOSS) PER COMMON SHARE

Basic income (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period, without considering any dilutive items. Potentially dilutive securities consist of the incremental common stock issuable upon the conversion or exercise of preferred stock, stock options, and warrants. Potentially dilutive securities are excluded from the computation if their effect is anti-dilutive. There were no anti-dilutive common shares included in the calculation of income (loss) per common share for the three months ended March 31, 2026 and 2025. For the three months ended March 31, 2026, there were 8.2 million shares of common stock equivalents that were antidilutive due to the Company’s net loss, including 0.4 million under preferred stock, 5.9 million under warrants, 1.8 million stock options and 0.1 million restricted stock units. For the three months ended March 31, 2025, there were 6.7 million shares of common stock equivalents that were antidilutive due to the Company’s net loss, including 4.2 million under preferred stock and 2.5 million under warrants.