Basic earnings per share, which excludes dilution, is computed by dividing Net income (Loss) available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The number of incremental shares from the assumed issuance of shares relating to share based awards is calculated by applying the treasury stock method.

The following table shows the computation of basic and diluted earnings per share for the three months ended September 30, 2025 and 2024 in thousands, except share and per share amounts:


	Three Months Ended September 30,
	2025			2024
Numerator:
Net Loss	$	(1,959	)	$	(4,887	)
Denominator:
Weighted average common shares outstanding - Basic		64,664,058			60,817,884
Dilutive effect of stock options, RSUs and warrants		—			—
Weighted average common shares outstanding - Diluted		64,664,058			60,817,884
Basic loss per share	$	(0.03	)	$	(0.08	)
Diluted loss per share (1)	$	(0.03	)	$	(0.08	)

The following table shows the computation of basic and diluted earnings per share for the nine months ended September 30, 2025 and 2024 in thousands, except share and per share amounts:


	Nine Months Ended September 30,
	2025			2024
Numerator:
Net Loss	$	(1,197	)	$	(10,982	)
Denominator:
Weighted average common shares outstanding - Basic		63,649,789			60,024,188
Dilutive effect of stock options, RSUs and warrants		—			—
Weighted average common shares outstanding - Diluted		63,649,789			60,024,188
Basic loss per share	$	(0.02	)	$	(0.18	)
Diluted loss per share (1)	$	(0.02	)	$	(0.18	)

(1) There were 17,732,764 warrants and 7,292,844 RSUs outstanding at September 30, 2025 and there were 17,732,764 warrants, 246,667 options, and 5,262,221 RSUs outstanding at September 30, 2024. The Company excluded the warrants, options and RSUs from the calculation of diluted EPS for the three and nine months ended September 30, 2025 and 2024, as inclusion would have an anti-dilutive effect.