Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Net income (loss) per share of common stock:

Summary of Earnings (Loss) Per Share

The following is a reconciliation of the numerator and denominator used to calculate basic earnings (loss) per share and diluted earnings (loss) per share for the three months ended March 31, 2024 and 2023:

	March 31, 2024		March 31, 2023
Basic earnings (loss):
Basic earnings	$	14,799	$	(2,778	)
Diluted earnings (loss):
Net income (loss)	$	14,799	$	(2,778	)
Chang in fair value of derivative liability		58		—
Interest expense from Convertible Notes		93		—
Diluted earnings (loss)	$	14,950	$	(2,778	)
Basic weighted average shares		30,456,235		20,823,622
Potentially diluted shares		3,791,723		—
Diluted shares		34,247,958		20,823,622
Earnings per share
Basic	$	0.49	$	(0.13	)
Diluted	$	0.44	$	(0.13	)