Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE INFORMATION

v3.24.1.u1
EARNINGS PER SHARE INFORMATION
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE INFORMATION
NOTE 4 — EARNINGS PER SHARE INFORMATION
The following table presents the calculation of the Company's basic and diluted earnings per share for the three months ended March 31, 2024 and 2023. For all dilutive securities, the treasury stock method of calculating the incremental shares is applied.
For the Three Months Ended
March 31, 2024 March 31, 2023
Net Income $ 5,515,377  $ 32,715,779 
Basic Weighted-Average Shares Outstanding 197,389,782  177,984,323 
Effect of dilutive securities:
Stock options —  14,170 
Restricted stock units 1,126,604  1,299,741 
Performance stock units 752,551  232,055 
Common warrants 36,213  10,608,680 
Diluted Weighted-Average Shares Outstanding 199,305,150  190,138,969 
Basic Earnings per Share $ 0.03  $ 0.18 
Diluted Earnings per Share $ 0.03  $ 0.17 
The following table presents the securities which were excluded from the Company's computation of diluted earnings per share for the three months ended March 31, 2024 and 2023, as their effect would have been anti-dilutive.
For the Three Months Ended
March 31, 2024 March 31, 2023
Antidilutive securities:
Stock options to purchase common stock 69,566 70,500
Unvested restricted stock units —  43,480
Unvested performance stock units 1,592,268 1,428,380