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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
Schedule of Reconciliation of Numerator and Denominator of the Diluted Net Income (Loss) Per Share

The following is a reconciliation of the numerator and denominator of the diluted net income (loss) per share computations for the periods indicated below:

 

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

Basic and diluted income (loss) per share:

 

 

 

 

 

 

Net income (loss)

 

$

39,900

 

 

$

(4,553

)

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

296,641,499

 

 

248,654,082

 

Add:

 

 

 

 

 

 

RSUs

 

 

7,756,480

 

 

-

 

Weighted average shares outstanding - diluted

 

 

304,397,979

 

 

 

248,654,082

 

 

 

 

 

Net income (loss) per share - basic

 

$

0.13

 

 

$

(0.02

)

Net income (loss) per share - diluted

 

$

0.13

 

 

$

(0.02

)

Computation of Diluted Net Income (Loss) Per Common Share

The following table presents the common shares that are excluded from the computation of diluted net income (loss) per common share at March 31, 2024 and 2023, because including them would have been antidilutive.

 

 

 

March 31,

 

 

 

2024

 

 

2023

 

Public warrants

 

 

8,613,980

 

 

 

8,499,980

 

Private placement warrants

 

 

-

 

 

 

114,000

 

Unvested RSUs

 

 

-

 

 

 

18,541,618

 

 

 

 

8,613,980

 

 

 

27,155,598