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

Earnings (Loss) Per Share

v3.23.2
Earnings (Loss) Per Share
3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Earnings (Loss) Per Share [Abstract]    
Earnings (Loss) Per Share

16. Earnings (Loss) Per Share

 

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

 

    Three months ended  
    March 31,  
    2023     2022  
Numerator:            
Net loss   $ (10,180,020 )   $ (3,504,002 )
Net loss attributable to common stockholders   $ (10,180,020 )   $ (3,504,002 )
Denominator:                
Weighted average shares used to compute basic and diluted EPS
    39,765,361       9,669,217  
                 
Basic and diluted earnings (loss) per share
  $ (0.26 )   $ (0.36 )
                 
Anti-dilutive securities excluded from shares outstanding:                
Stock options     3,472,129       4,005,717  
Restricted and performance stock units     3,169,269      
-
 
Warrants     18,722,425      
-
 
Earnout shares     7,499,993      
-
 
Convertible debt    
-
      5,299,546  
Debentures     2,922,425      
-
 
Total     35,786,241       9,305,263  

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