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Net income (loss) per share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

The following table summarizes the computation of basic and diluted net income (loss) per share of the Company (in thousands, except share and per share data):

 

 

 

Three Months Ended

 

 

 

 

Six Months Ended

 

 

 

June 30,

 

 

 

 

June 30,

 

 

 

2024

 

 

2023

 

 

 

 

2024

 

 

2023

 

Net income (loss)

 

$

5,061

 

 

$

(18,791

)

 

 

 

$

(29,802

)

 

$

(41,746

)

Weighted average common stock outstanding

 

 

156,444,408

 

 

 

43,215,478

 

 

 

 

 

156,299,282

 

 

 

43,063,615

 

Common shares issuable

 

 

203,509

 

 

 

-

 

 

 

 

 

-

 

 

 

-

 

Weighted average common stock outstanding, assuming dilution

 

 

156,647,917

 

 

 

43,215,478

 

 

 

 

 

156,299,282

 

 

 

43,063,615

 

Net income (loss) per share - basic

 

$

0.03

 

 

$

(0.43

)

 

 

 

$

(0.19

)

 

$

(0.97

)

Net income (loss) per share - diluted

 

$

0.03

 

 

$

(0.43

)

 

 

 

$

(0.19

)

 

$

(0.97

)

 

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share The Company excluded the following potential shares of Common Stock, presented based on amounts outstanding at each period end, from the computation of diluted net income (loss) per share for the periods indicated because including them would have had an anti-dilutive effect:

 

 

 

Three Months Ended

 

 

 

 

Six Months Ended

 

 

 

June 30,

 

 

 

 

June 30,

 

 

 

2024

 

 

2023

 

 

 

 

2024

 

 

2023

 

Options to purchase common stock

 

 

9,798,963

 

 

 

10,506,661

 

 

 

 

 

10,041,963

 

 

 

10,506,661

 

Unvested restricted stock

 

 

40,405

 

 

 

-

 

 

 

 

 

154,580

 

 

 

-

 

Warrants to purchase common stock

 

 

56,241,973

 

 

 

-

 

 

 

 

 

56,241,973

 

 

 

-

 

 

 

 

66,081,341

 

 

 

10,506,661

 

 

 

 

 

66,438,516

 

 

 

10,506,661