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

9 Months Ended

Sep. 30, 2021

EARNINGS (LOSS) PER SHARE INFORMATION

NOTE 4 – EARNINGS (LOSS) PER SHARE INFORMATION


	For the Three Months				For the Nine Months
	Ended September 30,				Ended September 30,
	2021		2020		2021		2020
Net Income (Loss)	$	14,163,934	$	(1,961,603)	$	(20,789,318)	$	(93,157,551)
Basic Weighted-Average Shares Outstanding		99,358,504		67,980,961		99,251,532		67,985,168
Effect of dilutive securities:
Stock options		135,536		—		—		—
Restricted stock		1,463,690		—		—		—
Common warrants		20,263,018		—		—		—
Diluted Weighted-Average Shares Outstanding		121,220,748		67,980,961		99,251,532		67,985,168
Basic Earnings (Loss) per Share	$	0.14	$	(0.03)	$	(0.21)	$	(1.37)
Diluted Earnings (Loss) per Share	$	0.12	$	(0.03)	$	(0.21)	$	(1.37)

Stock options to purchase 70,500 share of common stock and 14,709 share of unvested restricted stock were excluded from the computation of diluted earnings per share during the three months ended September 30, 2021. Stock options to purchase 465,500 shares of common stock, 3,247,623 shares of unvested restricted stock and unexercised common warrants of 29,519,500 were excluded from the computation of diluted earnings per share during the nine months ended September 30, 2021, as their effect would have been anti-dilutive. Stock options to purchase 483,500 shares of common stock and 1,326,709 shares of unvested restricted stock were excluded from the computation of diluted earnings per share during both the three and nine months ended September 30, 2020, as their effect would have been anti-dilutive.