| EARNINGS (LOSS) PER SHARE INFORMATION |
NOTE 4 — EARNINGS (LOSS) PER SHARE INFORMATION
The following table presents the calculation of the Company's basic and diluted earnings (loss) per share for the three and nine months ended September 30, 2023 and 2022.
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For the Three Months Ended |
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For the Nine Months Ended |
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September 30, 2023 |
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September 30, 2022 |
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September 30, 2023 |
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September 30, 2022 |
Net Income (Loss) |
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$ |
(7,539,222) |
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$ |
75,085,891 |
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$ |
53,968,162 |
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$ |
124,142,356 |
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| Basic Weighted-Average Shares Outstanding |
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195,361,476 |
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115,376,280 |
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188,865,752 |
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107,349,184 |
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| Effect of dilutive securities: |
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| Stock options |
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— |
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52,110 |
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— |
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93,688 |
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| Restricted stock units |
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— |
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1,908,662 |
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1,310,409 |
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2,135,675 |
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| Performance stock units |
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— |
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196,520 |
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361,406 |
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235,440 |
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| Common warrants |
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— |
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19,884,296 |
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4,045,648 |
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20,180,729 |
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| Convertible preferred stock |
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— |
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14,337,127 |
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— |
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4,831,559 |
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| Diluted Weighted-Average Shares Outstanding |
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195,361,476 |
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151,754,995 |
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194,583,215 |
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134,826,275 |
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Basic Earnings (Loss) per Share |
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$ |
(0.04) |
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$ |
0.65 |
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$ |
0.29 |
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$ |
1.16 |
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Diluted Earnings (Loss) per Share |
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$ |
(0.04) |
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$ |
0.49 |
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$ |
0.28 |
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$ |
0.92 |
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The following table presents the securities which were excluded from the Company's computation of diluted earnings per share for the three and nine months ended September 30, 2023 and 2022, as their effect would have been anti-dilutive.
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For the Three Months Ended |
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For the Nine Months Ended |
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September 30, 2023 |
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September 30, 2022 |
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September 30, 2023 |
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September 30, 2022 |
| Antidilutive securities: |
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| Stock options to purchase common stock |
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265,500 |
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70,500 |
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265,500 |
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70,500 |
| Unvested restricted stock units |
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3,866,023 |
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37,487 |
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61,212 |
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11,312 |
| Unvested performance stock units |
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2,882,594 |
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860,212 |
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1,396,446 |
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798,768 |
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