| Earnings (Loss) per Share |
14. Earnings (Loss) per Share The following is the computation of earnings (loss)
per basic and diluted share:
| | |
For the year ended
December 31, | |
| | |
2022 | | |
2021 | |
| Amounts attributable to Generation Hemp: | |
| | |
| |
| Numerator | |
| | |
| |
| Loss from continuing operations attributable to common stockholders | |
$ | (6,975,740 | ) | |
$ | (9,792,532 | ) |
| Income (loss) from discontinued operations | |
| (56,031 | ) | |
| (30,196 | ) |
| Less: preferred stock dividends | |
| (80,002 | ) | |
| (74,812 | ) |
| Net loss attributable to common stockholders | |
$ | (7,111,773 | ) | |
$ | (9,897,540 | ) |
| Denominator | |
| | | |
| | |
| Weighted average shares used to compute basic EPS | |
| 113,163,591 | | |
| 57,159,659 | |
| Dilutive effect of convertible note | |
| 1,164,773 | | |
| 1,164,773 | |
| Dilutive effect of preferred stock | |
| 2,950,000 | | |
| 55,075,900 | |
| Dilutive effect of common stock options | |
| 229,762 | | |
| 709,981 | |
| Dilutive effect of common stock warrants | |
| 1,320,951 | | |
| 11,022,542 | |
| Weighted average shares used to compute diluted EPS | |
| 118,829,077 | | |
| 125,132,855 | |
| Earnings (loss) per share: | |
| | | |
| | |
| Loss from continuing operations | |
| | | |
| | |
| Basic | |
$ | (0.06 | ) | |
$ | (0.17 | ) |
| Diluted | |
$ | (0.06 | ) | |
$ | (0.17 | ) |
| Loss from discontinued operations | |
| | | |
| | |
| Basic | |
$ | - | | |
$ | - | |
| Diluted | |
$ | - | | |
$ | - | |
| Earnings (loss) per share | |
| | | |
| | |
| Basic | |
$ | (0.06 | ) | |
$ | (0.17 | ) |
| Diluted | |
$ | (0.06 | ) | |
$ | (0.17 | ) |
The computation of diluted earnings per common
share excludes the assumed conversion of the Series B Preferred Stock and outstanding convertible notes and exercise of common stock options
and warrants in periods when we report a loss. The dilutive effect of the assumed exercise of outstanding options and warrants was calculated
using the treasury stock method.
|