Quarterly report [Sections 13 or 15(d)]

NET INCOME (LOSS) PER SHARE (Tables)

v3.25.3
NET INCOME (LOSS) PER SHARE (Tables)
9 Months Ended
Sep. 30, 2025
NET INCOME (LOSS) PER SHARE  
Summary of computation of basic and diluted net income (loss) per share attributable to common shareholders

Three Months Ended September 30, 

Nine Months Ended September 30, 

    

2025

    

2024

2025

    

2024

Numerator:

Net income (loss)

$

(11,580,126)

$

9,275,825

$

(29,045,059)

$

3,017,080

Denominator:

 

  

 

  

 

  

 

  

Weighted-average shares outstanding used in computing net income (loss) per share attributable to common shareholders, basic and diluted

 

48,833,799

 

30,023,675

 

37,078,745

 

22,953,751

Effect of potentially dilutive securities:

Warrants

696,070

Stock options

43,420

26,283

Diluted weighted-average common shares outstanding

48,833,799

30,067,095

37,078,745

23,676,104

Net income (loss) per share attributable to common shareholders, basic and diluted

$

(0.24)

$

0.31

$

(0.78)

$

0.13

Diluted net income (loss) per share attributable to common shareholders

$

(0.24)

$

0.31

$

(0.78)

$

0.13

Summary of outstanding potentially dilutive common shares equivalents were excluded from the computation of diluted net loss per share

Nine Months Ended

September 30, 

    

2025

    

2024

Options issued and outstanding under stock option plan

 

4,532,860

 

1,087,493

Warrants

 

64,390,433

 

56,746,647

Deferred Share Units

 

1,061

 

1,061

Total

 

68,924,354

 

57,835,201