| NET EARNINGS (LOSS) PER SHARE |
NOTE
16. NET EARNINGS (LOSS) PER SHARE
The
calculation of the weighted average number of shares outstanding and loss per share outstanding for the three and nine months ended September
30, 2022 and 2021 are as follows:
SCHEDULE OF WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING AND LOSS PER SHARE OUTSTANDING
| | |
2022 | | |
2021 | | |
2022 | | |
2021 | |
| | |
Three
Months Ended
September 30, | | |
Nine months Ended
September 30, | |
| | |
2022 | | |
2021 | | |
2022 | | |
2021 | |
| Numerator for basic and diluted income per share – Net income (loss) attributable to common stockholders | |
$ | (1,902,475 | ) | |
$ | 8,068,799 | | |
$ | (9,568,134 | ) | |
$ | 24,408,170 | |
| | |
| | | |
| | | |
| | | |
| | |
| Denominator for basic loss per share – weighted average shares outstanding | |
| 50,365,218 | | |
| 51,809,435 | | |
| 49,973,619 | | |
| 49,404,794 | |
| Dilutive effect of shares issuable under stock options and warrants outstanding | |
| — | | |
| — | | |
| — | | |
| — | |
| | |
| | | |
| | | |
| | | |
| | |
| Denominator for diluted loss per share – adjusted weighted average shares outstanding | |
| 50,365,218 | | |
| 51,809,435 | | |
| 49,973,619 | | |
| 49,404,794 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net loss per share: | |
| | | |
| | | |
| | | |
| | |
| Basic | |
$ | (0.04 | ) | |
$ | 0.16 | | |
$ | (0.19 | ) | |
$ | 0.49 | |
| Diluted | |
$ | (0.04 | ) | |
$ | 0.16 | | |
$ | (0.19 | ) | |
$ | 0.49 | |
Basic
income (loss) per share is based upon the weighted average number of common shares outstanding during the period. For the three and nine
months ended September 30, 2022 and 2021, all shares issuable upon the exercise of outstanding stock
options and warrants were antidilutive, and, therefore, not included in the computation of diluted income (loss) per share.
|