Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) per Common Share (Tables)

v3.22.2.2
Earnings (Loss) per Common Share (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Common Shares Used to Calculate Basic and Diluted Earnings Per Common Share The following table reconciles the earnings (loss) and number of common shares used to calculate basic and diluted earnings per common share attributable to the Company’s shareholders:
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Basic earnings per common share:
Net income (loss) - basic $ (1,231) $ (49,461) $ 23,751  $ (122,955)
Weighted shares outstanding - basic 75,745,388  73,740,294  75,429,444  55,298,257 
Basic earnings (loss) per common share $ (0.02) $ (0.67) $ 0.31  $ (2.22)
Diluted earnings per common share:
Net income (loss) - basic $ (1,231) $ (49,461) $ 23,751  $ (122,955)
Add: Convertible Note interest expense, net of tax 11,830 
Reverse: Change in fair value of derivative liability (16,370)
Net income (loss) - diluted $ (1,231) $ (49,461) $ 19,211  $ (122,955)
Weighted shares outstanding - basic 75,745,388  73,740,294  75,429,444  55,298,257 
Add: Dilutive effects of stock options and restricted stock units 2,304,714 
Add: Dilutive effects of if-converted Convertible Note 7,640,246 
Weighted shares outstanding - diluted 75,745,388  73,740,294  85,374,404  55,298,257 
Diluted earnings (loss) per common share $ (0.02) $ (0.67) $ 0.23  $ (2.22)
Schedule of Securities Excluded
Outstanding as of September 30,
2022 2021
Convertible notes payable 7,640,246 7,640,246
Outstanding warrants 24,365,719 24,365,719
Stock options 3,298,031 3,410,449
Restricted stock units 3,172,691 739,824
Total anti-dilutive stock 38,476,687 36,156,238