Net Income Per Share (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Income Per Share

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

	For the years ended December 31,
	2024		2023
Numerator:
Net income	$	78,522,311	$	7,098,022
Denominator*:
Basic shares:
Weighted-average shares outstanding	5,618,497		5,606,087
Diluted shares:
Stock options	112,891		66,841
Restricted stock units	250,407		—
Warrants	—		5,599
Weighted-average shares outstanding	5,981,795		5,678,527
Net income per share:
Basic	$	13.98	$	1.27
Diluted	$	13.13	$	1.25

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