General form of registration statement for all companies including face-amount certificate companies

Earnings (Loss) Per Share (Tables)

v3.22.4
Earnings (Loss) Per Share (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Earnings Per Share [Abstract]    
Schedule 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

 

 

December 31,

   

2021

 

2020

Numerator

 

 

 

 

 

 

 

 

Net loss

 

$

(15,127,629

)

 

$

(7,194,038

)

Denominator

 

 

 

 

 

 

 

 

Weighted average shares used to compute basic EPS

 

 

678,406

 

 

 

678,400

 

Dilutive effect of stock-based awards

 

 

 

 

 

 

Weighted average shares used to compute diluted EPS

 

 

678,406

 

 

 

678,400

 

   

 

 

 

 

 

 

 

Loss per share

 

 

 

 

 

 

 

 

Basic

 

$

(22.30

)

 

$

(10.60

)

Diluted

 

$

(22.30

)

 

$

(10.60

)