Company: ANY
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001591956-25-000009
Chunk: 54

Company: Sphere 3D Corp.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 54
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 months ended June 30, 2025 and 2024 was approximately $0.9 million and $1.6 million, respectively. The fair value of RSUs vested for the six months ended June 30, 2025 and 2024 was approximately $0.6 million and $1.2 million, respectively. 

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Share-Based Compensation Expense The Company recorded the following compensation expense related to its share-based compensation awards (in thousands):Three MonthsEnded June 30,Six MonthsEnded June 30,2025202420252024General and administrative$318 $772 $389 $1,858 Total share-based compensation expense$318 $772 $389 $1,858 Total unrecognized estimated compensation cost by type of award and the weighted-average remaining requisite service period over which such expense is expected to be recognized (in thousands, unless otherwise noted):June 30, 2025Unrecognized ExpenseRemaining Weighted-Average Recognition Period (years)RSUs$1,041 1.5Stock options$92 0.9

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11.Net Income (Loss) per Share

Basic net income (loss) per share is computed by dividing net income (loss) applicable to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted net income (loss) per share reflects the potential dilution of securities that could share in the earnings of an entity. The calculation of diluted net income (loss) per share gives effect to common share equivalents; however, potential common shares are excluded if their effect is anti-dilutive. Common share purchase warrants, preferred shares issued and outstanding, and options and RSUs outstanding are considered common share equivalents and are only included in the calculation of diluted earnings per common share when net income is reported and their effect is dilutive. A reconciliation of the numerators and denominators is as follows (in thousands, except share and per share amounts):Three MonthsEnded June 30,Six MonthsEnded June 30,2025202420252024Numerator:Net income (loss) available to common shareholders$1,667 $2,124 $(7,118)$(2,353)Denominator:Weighted average common shares outstanding for basic income (loss) per share27,700,956 18,711,718 27,454,024 17,644,315 Net effect of dilutive common share equivalents23,000 2