Quarterly report pursuant to Section 13 or 15(d)

NET INCOME (LOSS) PER SHARE (Tables)

v3.24.3
NET INCOME (LOSS) PER SHARE (Tables)
9 Months Ended
Sep. 30, 2024
NET INCOME (LOSS) PER SHARE  
Summary of computation of basic and diluted net income (loss) per share attributable to common shareholders

Three Months Ended September 30, 

Nine Months Ended September 30, 

    

2024

    

2023

2024

    

2023

Numerator:

Net income (loss)

$

9,275,825

$

(2,360,648)

$

3,017,080

$

(9,632,053)

Denominator:

 

  

 

  

 

  

 

  

Basic weighted-average common shares outstanding

 

30,023,675

 

12,370,830

 

22,953,751

 

9,861,719

Effect of potentially dilutive securities:

Warrants

696,070

Stock options

43,420

26,283

Diluted weighted-average common shares outstanding

30,067,095

12,370,830

23,676,104

9,861,719

Basic net income (loss) per share attributable to common shareholders

$

0.31

$

(0.19)

$

0.13

$

(0.98)

Diluted net income (loss) per share attributable to common shareholders

$

0.31

$

(0.19)

$

0.13

$

(0.98)

Summary of outstanding potentially dilutive common shares equivalents were excluded from the computation of diluted net income (loss) per share

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2024

    

2023

    

2024

    

2023

Options issued and outstanding under stock option plan

 

1,087,493

 

1,041,492

 

651,030

 

1,041,492

Warrants

 

56,746,647

 

13,955,897

 

45,518,933

 

13,955,897

Series 1 Convertible Preferred Shares

1,166,667

1,166,667

Deferred Share Units

 

1,061

 

1,061

 

1,061

 

1,061

Total

 

57,835,201

 

16,165,117

 

46,171,024

 

16,165,117