(Loss)/Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Summary of Basic and Diluted Net Income (Loss) Per Common Share

The Company calculates basic and diluted loss/earnings per share as follows:

	Year Ended December 31,
	2021			2022			2023
Numerator
Net (loss)/income		(3,639,979	)		29,510,928			71,134,002
Less: Cumulative dividends on preferred shares		(140,246	)		(1,740,983	)		(2,130,254	)
Less: Deemed dividend on warrant inducement (Note 8)		—			(2,943,675	)		—
Less: Deemed divided from conversion of the Series C Preferred Shares (Note 9)		—			—			(6,507,789	)
Less: Undistributed earnings allocated to non-vested shares		—			(61,906	)		(2,508,399	)
Net (loss)/income attributable to common shareholders, basic		(3,780,225	)		24,764,364			59,987,560
Denominator
Weighted average number of shares outstanding, basic		318,351			8,559,000			18,601,539
Weighted average number of shares outstanding, diluted		318,351			8,593,575			22,933,671
(Loss)/Earnings per share, basic		(11.87	)		2.89			3.22
(Loss)/Earnings per share, diluted		(11.87	)		2.89			2.93