Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE INFORMATION (Tables)

v3.23.3
EARNINGS (LOSS) PER SHARE INFORMATION (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings per Share, Basic and Diluted
The following table presents the calculation of the Company's basic and diluted earnings (loss) per share for the three and nine months ended September 30, 2023 and 2022.
For the Three Months Ended
For the Nine Months Ended
September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022
Net Income (Loss)
$ (7,539,222) $ 75,085,891  $ 53,968,162  $ 124,142,356 
Basic Weighted-Average Shares Outstanding 195,361,476  115,376,280  188,865,752  107,349,184 
Effect of dilutive securities:
Stock options —  52,110  —  93,688 
Restricted stock units —  1,908,662  1,310,409  2,135,675 
Performance stock units —  196,520  361,406  235,440 
Common warrants —  19,884,296  4,045,648  20,180,729 
Convertible preferred stock —  14,337,127  —  4,831,559 
Diluted Weighted-Average Shares Outstanding 195,361,476  151,754,995  194,583,215  134,826,275 
Basic Earnings (Loss) per Share
$ (0.04) $ 0.65  $ 0.29  $ 1.16 
Diluted Earnings (Loss) per Share
$ (0.04) $ 0.49  $ 0.28  $ 0.92 
Schedule of Securities Excluded from Computation of Earnings Per Share
The following table presents the securities which were excluded from the Company's computation of diluted earnings per share for the three and nine months ended September 30, 2023 and 2022, as their effect would have been anti-dilutive.
For the Three Months Ended
For the Nine Months Ended
September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022
Antidilutive securities:
Stock options to purchase common stock 265,500  70,500 265,500 70,500
Unvested restricted stock units 3,866,023  37,487 61,212 11,312
Unvested performance stock units 2,882,594  860,212 1,396,446 798,768