Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE INFORMATION

v3.20.2
EARNINGS PER SHARE INFORMATION
6 Months Ended
Jun. 30, 2020
EARNINGS PER SHARE INFORMATION  
EARNINGS PER SHARE INFORMATION

NOTE 4 – EARNINGS PER SHARE INFORMATION

For The Three Months

For The Six Months

Ended June 30, 

Ended June 30, 

    

    

2019

    

    

2019

2020

(restated)

2020

(restated)

Net Income (Loss)

$

(135,000,066)

$

11,342,597

$

(91,195,948)

$

15,611,857

Basic Weighted-Average Shares Outstanding

 

67,980,794

67,357,645

 

67,987,295

 

65,305,081

Effect of dilutive securities:

 

 

 

Stock options

 

217,472

 

 

418,397

Restricted stock

 

95,142

 

 

128,870

Diluted Weighted-Average Shares Outstanding

 

67,980,794

67,670,259

 

67,987,295

 

65,852,348

Basic Earnings (Loss) per Share

$

(1.99)

$

0.17

$

(1.34)

$

0.24

Diluted Earnings (Loss) per Share

$

(1.99)

$

0.17

$

(1.34)

$

0.24

Stock options to purchase 483,500 shares of common stock and 1,329,209 shares of unvested restricted stock were excluded from the computation of diluted earnings per share during both the three and six months ended June 30, 2020, as their effect would have been anti-dilutive. Stock options to purchase 1,013,500 shares of common stock and 276,860 shares of unvested restricted stock were excluded from the computation of diluted earnings per share during the three months ended June 30, 2019, as their effect would have been anti-dilutive. Stock options to purchase 2,353,500 shares of common stock and 276,860 shares of unvested restricted stock were excluded

from the computation of diluted earnings per share during the six months ended June 30, 2019, as their effect would have been anti-dilutive.