| 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 |
|
|