For the Year Ended
March 31,

2024

2023

2022

Numerator:

Net income/(loss)

$

(15,565,200

)

$

(4,596,038

)

$

33,247,436

Less: Preferred stock dividends

(3,122,049

)

(3,105,034

)

(2,668,648

)

Net income/(loss) attributable to common stockholders

$

(18,687,249

)

$

(7,701,072

)

$

30,578,788

Denominator:

Weighted average shares of common stock - basic

118,249,486

117,177,885

112,328,680

Effect of dilutive common stock purchase warrants

-

1,861,040

Effect of dilutive equity incentive awards

-

118,249,486

117,177,885

114,189,720

Basic earnings per share:

Income/(loss) per share attributable to common stockholders - basic

$

(0.16

)

$

(0.07

)

$

0.27

Diluted earnings per share:

Income/(loss) per share attributable to common stockholders - diluted

$

(0.16)

$

(0.07)

$

0.27