| Earnings (Loss) Per Share |
13. Earnings (Loss) Per Share
Following is the computation of earnings (loss) per basic and diluted
share:
| |
|
Three
months ended
September 30, |
|
|
Nine
months ended
September 30, |
|
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(13,176,497 |
) |
|
$ |
(1,298,122 |
) |
|
$ |
(20,037,455 |
) |
|
$ |
(3,892,715 |
) |
| Less: deemed dividend for Earnout Shares |
|
|
(4,957,366 |
) |
|
|
- |
|
|
|
(4,957,366 |
) |
|
|
- |
|
| Net loss attributable to common stockholders |
|
$ |
(18,133,863 |
) |
|
$ |
(1,298,122 |
) |
|
$ |
(24,994,821 |
) |
|
$ |
(3,892,715 |
) |
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares used to compute basic and diluted EPS |
|
|
16,535,661 |
|
|
|
9,637,962 |
|
|
|
11,983,183 |
|
|
|
9,637,962 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted earnings (loss) per share |
|
$ |
(1.10 |
) |
|
$ |
(0.13 |
) |
|
$ |
(2.09 |
) |
|
$ |
(0.40 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Anti-dilutive securities excluded from shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock
options |
|
|
3,934,165 |
|
|
|
3,359,932 |
|
|
|
3,934,165 |
|
|
|
3,359,932 |
|
| Warrants |
|
|
18,722,425 |
|
|
|
- |
|
|
|
18,722,425 |
|
|
|
- |
|
| Earnout shares
|
|
|
7,499,993 |
|
|
|
- |
|
|
|
7,499,993 |
|
|
|
- |
|
| Debentures
|
|
|
2,922,425 |
|
|
|
- |
|
|
|
2,922,425 |
|
|
|
- |
|
| Total |
|
|
33,079,008 |
|
|
|
3,359,932 |
|
|
|
33,079,008 |
|
|
|
3,359,932 |
|
|