Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE INFORMATION

v3.22.2.2
EARNINGS (LOSS) PER SHARE INFORMATION
9 Months Ended
Sep. 30, 2022
EARNINGS (LOSS) PER SHARE INFORMATION  
EARNINGS (LOSS) PER SHARE INFORMATION

NOTE 4 – EARNINGS (LOSS) PER SHARE INFORMATION

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For the Three Months

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For the Nine Months

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Ended September 30, 

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Ended September 30, 

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2022

    

2021

    

2022

    

2021

Net Income (Loss)

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$

75,085,891

​

$

14,163,934

​

$

124,142,356

​

$

(20,789,318)

Basic Weighted-Average Shares Outstanding

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115,376,280

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​

99,358,504

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107,349,184

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99,251,532

Effect of dilutive securities:

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Stock options

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52,110

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​

135,536

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93,688

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—

Restricted stock units

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1,908,662

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​

1,463,690

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2,135,675

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—

Performance stock units

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​

196,520

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​

—

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​

235,440

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​

—

Common warrants

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​

19,884,296

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20,263,018

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20,180,729

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—

Convertible preferred stock

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​

14,337,127

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—

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​

4,831,559

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​

—

Diluted Weighted-Average Shares Outstanding

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151,754,995

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​

121,220,748

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134,826,275

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99,251,532

Basic Earnings (Loss) per Share

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$

0.65

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$

0.14

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$

1.16

​

$

(0.21)

Diluted Earnings (Loss) per Share

​

$

0.49

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$

0.12

​

$

0.92

​

$

(0.21)

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For the three months ended September 30, 2022, stock options to purchase 70,500 shares of common stock, 37,487 shares of unvested restricted stock units, and 860,212 shares of unvested performance stock units were excluded from the computation of diluted earnings per share as their effect would have been anti-dilutive. For the nine months ended September 30, 2022, stock options to purchase 70,500 shares of common stock, 11,312 shares of unvested restricted stock units, and 798,768 shares of unvested performance stock units were excluded from the computation of diluted earnings per share as their effect would have been anti-dilutive. For the three months ended September 30, 2021, stock options to purchase 70,500 shares of common stock and 14,709 shares of unvested restricted stock were excluded from the computation of diluted earnings per share as their effect would have been anti-dilutive. For the nine months ended September 30, 2021, 465,500 shares of common stock, 3,247,623 shares of unvested restricted stock, and unexercised common warrants of 29,519,500 were excluded from the computation of diluted earnings per share as their effect would have been anti-dilutive.