Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE INFORMATION

v3.22.2.2
EARNINGS (LOSS) PER SHARE INFORMATION
9 Months Ended
Sep. 30, 2022
EARNINGS (LOSS) PER SHARE INFORMATION  
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, 

    

2022

    

2021

    

2022

    

2021

Net Income (Loss)

$

75,085,891

$

14,163,934

$

124,142,356

$

(20,789,318)

Basic Weighted-Average Shares Outstanding

 

115,376,280

99,358,504

 

107,349,184

 

99,251,532

Effect of dilutive securities:

 

 

 

Stock options

 

52,110

135,536

 

93,688

 

Restricted stock units

 

1,908,662

1,463,690

 

2,135,675

 

Performance stock units

196,520

235,440

Common warrants

19,884,296

20,263,018

20,180,729

Convertible preferred stock

14,337,127

4,831,559

Diluted Weighted-Average Shares Outstanding

 

151,754,995

121,220,748

 

134,826,275

 

99,251,532

Basic Earnings (Loss) per Share

$

0.65

$

0.14

$

1.16

$

(0.21)

Diluted Earnings (Loss) per Share

$

0.49

$

0.12

$

0.92

$

(0.21)

For the three months ended September 30, 2022, stock options to purchase 70,500 shares of common stock, 37,487 shares of unvested restricted stock units, and 860,212 shares of unvested performance stock units were excluded from the computation of diluted earnings per share as their effect would have been anti-dilutive. For the nine months ended September 30, 2022, stock options to purchase 70,500 shares of common stock, 11,312 shares of unvested restricted stock units, and 798,768 shares of unvested performance stock units were excluded from the computation of diluted earnings per share as their effect would have been anti-dilutive. For the three months ended September 30, 2021, stock options to purchase 70,500 shares of common stock and 14,709 shares of unvested restricted stock were excluded from the computation of diluted earnings per share as their effect would have been anti-dilutive. For the nine months ended September 30, 2021, 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 as their effect would have been anti-dilutive.