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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Weighted Average Common Shares Outstanding

The net income (loss) available to common stockholders and weighted-average common shares outstanding are as follows:

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

 

3,193

 

 

 

(17,806

)

 

 

(20,733

)

 

 

(29,114

)

Accretion of financing fees

 

 

(146

)

 

 

-

 

 

 

(203

)

 

 

-

 

Accrued dividends on Series C Preferred Stock

 

 

(3,923

)

 

 

-

 

 

 

(5,535

)

 

 

-

 

Net loss available to common stockholders - basic

 

 

(876

)

 

 

(17,806

)

 

 

(26,471

)

 

 

(29,114

)

Net loss available to common stockholders - diluted

 

 

(876

)

 

 

(17,806

)

 

 

(26,471

)

 

 

(29,114

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

17,044,251

 

 

 

16,158,516

 

 

 

16,937,968

 

 

 

15,920,458

 

Issuance of Warrants

 

 

12,499,712

 

 

 

9,559,898

 

 

 

11,126,442

 

 

 

8,550,201

 

Weighted average common shares outstanding - basic

 

 

29,543,963

 

 

 

25,718,414

 

 

 

28,064,410

 

 

 

24,470,659

 

Weighted average common shares outstanding - diluted

 

 

29,543,963

 

 

 

25,718,414

 

 

 

28,064,410

 

 

 

24,470,659