Earnings per share

12 Months Ended

Dec. 31, 2024

Basic earnings or loss per share is based on the weighted average number of common shares outstanding for the period. For the purposes of calculating diluted earnings per share, the number of shares outstanding has been adjusted for the dilutive effects of warrants.


Basic (loss) per share calculation	Years Ended
	December 31, 2024		December 31, 2023

Net (loss) available to common shareholders	$	(25,327,198)	$	(27,479,247)
Weighted average common shares outstanding (basic)	20,309,934		10,750,060
Basis (loss) per share from net loss	$	(1.25)	$	(2.56)

Diluted (loss) per share calculation
Net (loss) available to common shareholders	$	(25,327,198)	$	(27,479,247)
Weighted average common shares outstanding (basic)	20,309,934		10,750,060
Warrants	—		—
Weighted average common shares outstanding (diluted)	20,309,934		10,750,060
Diluted (loss) per share from net loss *	$	(1.25)	$	(2.56)

*In periods where the Company has incurred a net loss, diluted earnings per share is based on the number of common shares issued and outstanding as including the effects of warrants would be anti-dilutive.