Annual report pursuant to Section 13 and 15(d)

Earnings (Loss) Per Share

v3.23.1
Earnings (Loss) Per Share
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

14. Earnings (Loss) Per Share

 

Following is the computation of earnings (loss) per basic and diluted share:

 

    Year Ended December 31,  
    2022     2021  
Numerator:            
Net loss   $ (28,260,571 )   $ (15,127,629 )
Less: deemed dividend for Earnout Shares     (4,957,366 )    
-
  
Net loss attributable to common stockholders   $ (33,217,937 )   $ (15,127,629 )
Denominator:                
Weighted average shares used to compute basic and diluted EPS
     18,982,139       9,637,962  
                 
Basic and diluted earnings (loss) per share
   $ (1.75 )   $ (1.57 )
                 
Anti-dilutive securities excluded from shares outstanding:                
Stock options     3,506,184       3,949,158  
Restricted and performance stock units     3,134,677      
-
  
Warrants     18,722,425      
-
  
Earnout shares     7,499,993      
-
  
Debentures     2,922,425      
-
  
Total     35,785,704       3,949,158