Ring Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE INFORMATION

EARNINGS (LOSS) PER SHARE INFORMATION

6 Months Ended

Jun. 30, 2021

EARNINGS (LOSS) PER SHARE INFORMATION

NOTE 4 – EARNINGS (LOSS) PER SHARE INFORMATION


	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Net Income (Loss)	$	(15,887,159)	$	(135,000,066)	$	(34,953,252)	$	(91,195,948)
Basic Weighted-Average Shares Outstanding		99,300,458		67,980,794		99,197,160		67,987,295
Effect of dilutive securities:
Stock options		—		—		—		—
Restricted stock		—		—		—		—
Common warrants		—		—		—		—
Diluted Weighted-Average Shares Outstanding		99,300,458		67,980,794		99,197,160		67,987,295
Basic Earnings (Loss) per Share	$	(0.16)	$	(1.99)	$	(0.35)	$	(1.34)
Diluted Earnings (Loss) per Share	$	(0.16)	$	(1.99)	$	(0.35)	$	(1.34)

Stock options to purchase 465,500 shares of common stock, 3,230,569 shares of unvested restricted stock and unexercised common warrants of 29,519,500 were excluded from the computation of diluted earnings per share during the three and six months ended June 30, 2021, as their effect would have been anti-dilutive. 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.