v3.26.1
Income Per Share (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share

The following table shows the computation of basic and diluted earnings per share (in thousands, except share and per share amounts):

 

 

 

Three Months Ended March 31,

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

Net Income

 

$

2,691

 

 

$

154

 

Denominator:

 

 

 

 

 

 

Weighted average common shares outstanding - Basic

 

 

66,071,505

 

 

 

62,205,192

 

Dilutive effect of stock options, RSUs and warrants

 

 

—

 

 

 

—

 

Weighted average common shares outstanding - Diluted

 

 

71,104,538

 

 

 

69,619,293

 

Basic earnings per share

 

$

0.04

 

 

$

-

 

Diluted earnings per share (1)

 

$

0.04

 

 

$

-

 

 

(1) There were 17,732,764 warrants and 5,033,033 RSUs outstanding at March 31, 2026, and there were 17,732,764 warrants, 196,667 options, and 7,294,595 RSUs outstanding at March 31, 2025. The Company excluded the warrants for the three month periods ended March 31, 2026 and 2025, from the calculation of diluted EPS as inclusion would have an anti-dilutive effect.