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, 2022

EARNINGS (LOSS) PER SHARE INFORMATION

NOTE 4 – EARNINGS (LOSS) PER SHARE INFORMATION


	For the Three Months
	Ended March 31,
	2022		2021
Net Income (Loss)	$	7,112,043	$	(19,066,093)
Basic Weighted-Average Shares Outstanding		100,192,562		99,092,715
Effect of dilutive securities:
Stock options		102,737		—
Restricted stock units		1,890,508		—
Performance stock units		107,928		—
Common warrants		21,710,443		—
Diluted Weighted-Average Shares Outstanding		124,004,178		99,092,715
Basic Earnings (Loss) per Share	$	0.07	$	(0.19)
Diluted Earnings (Loss) per Share	$	0.06	$	(0.19)

Stock options to purchase 70,500 shares of common stock, 4,420 shares of unvested restricted stock units, and 673,833 shares of unvested performance stock units were excluded from the computation of diluted earnings per share during the three months ended March 31, 2022, as their effect would have been anti-dilutive. 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.