Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE INFORMATION

v3.21.1
EARNINGS (LOSS) PER SHARE INFORMATION
3 Months Ended
Mar. 31, 2021
EARNINGS (LOSS) PER SHARE INFORMATION  
EARNINGS (LOSS) PER SHARE INFORMATION

NOTE 4 – EARNINGS (LOSS) PER SHARE INFORMATION

For The Three Months

Ended March 31, 

2021

2020

Net Income (Loss)

$

(19,066,093)

$

43,804,118

Basic Weighted-Average Shares Outstanding

 

99,092,715

 

67,993,797

Effect of dilutive securities:

 

 

Stock options

 

 

Restricted stock

 

 

3,295

Common warrants

Diluted Weighted-Average Shares Outstanding

 

99,092,715

 

67,997,092

Basic Earnings (Loss) per Share

$

(0.19)

$

0.64

Diluted Earnings (Loss) per Share

$

(0.19)

$

0.64

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. Stock options to purchase 2,748,500 shares of common stock and 1,329,489 shares of unvested restricted stock were excluded from the computation of diluted earnings per share during the three months ended March 31, 2020, as their effect would have been anti-dilutive.