Three months ended
September 30,

Nine months ended
September 30,

2024

2023

2024

2023

Numerator: (in Thousands)

Net income (loss)

$

3,045

$

(1,436

)

$

4,793

$

(2,262

)

Denominator:

Weighted average number of basic shares outstanding

69,873,394

49,598,581

59,778,119

49,532,395

Weighted average additional shares assuming conversion of in-the-money stock options to common shares

2,062,000

—

1,947,000

—

Weighted average number of diluted common shares outstanding

71,935,394

49,598,581

61,725,119

49,532,395

Basic earnings per common share:

Net income (loss) per share – basic

$

0.04

$

(0.03

)

$

0.08

$

(0.05

)

Diluted earnings per common share:

Net income (loss) per share – diluted

$

0.04

$

(0.03

)

$

0.08

$

(0.05

)