Ring Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE INFORMATION

EARNINGS (LOSS) PER SHARE INFORMATION

3 Months Ended

Mar. 31, 2021

EARNINGS (LOSS) PER SHARE INFORMATION

NOTE 4 – EARNINGS (LOSS) PER SHARE INFORMATION


	For The Three Months
	Ended March 31,
	2021		2020
Net Income (Loss)	$	(19,066,093)	$	43,804,118
Basic Weighted-Average Shares Outstanding		99,092,715		67,993,797
Effect of dilutive securities:
Stock options		—		—
Restricted stock		—		3,295
Common warrants		—		—
Diluted Weighted-Average Shares Outstanding		99,092,715		67,997,092
Basic Earnings (Loss) per Share	$	(0.19)	$	0.64
Diluted Earnings (Loss) per Share	$	(0.19)	$	0.64

Stock options to purchase 465,500 shares of common stock, 1,902,947 shares of unvested restricted stock and unexercised common warrants of 29,619,500 were excluded from the computation of diluted earnings per share during the three months ended March 31, 2021, as their effect would have been anti-dilutive. Stock options to purchase 2,748,500 shares of common stock and 1,329,489 shares of unvested restricted stock were excluded from the computation of diluted earnings per share during the three months ended March 31, 2020, as their effect would have been anti-dilutive.