Net Income (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Income (Loss) Per Share

The following table presents the calculation of basic and diluted net income (loss) per share:

	For the years ended December 31,
	2023		2022
Numerator:
Net income (loss)	$	7,098,022	$	(38,093,756)
Denominator*:
Basic shares:
Weighted-average shares outstanding	5,606,087		5,443,605
Diluted shares:
Stock options	66,841		—
Warrants	5,599		—
Weighted-average shares outstanding	5,678,527		5,443,605
Net income (loss) per share:
Basic	$	1.27	$	(7.00)
Diluted	$	1.25	$	(7.00)

*Effective May 11, 2023, we performed a 1-for-38 reverse stock split. Share amounts have been retroactively restated.