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

Earnings (Loss) Per Share

v3.23.2
Earnings (Loss) Per Share
6 Months Ended 12 Months Ended
Jun. 30, 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     Six months ended  
    June 30,     June 30,  
    2023     2022     2023     2022  
Numerator:                        
Net earnings (loss) attributable to common stockholders   $ 20,673,440     $ (3,356,956 )   $ 6,534,775     $ (6,860,958 )
Add: After tax effect of convertible secured debentures interest     1,129,509      
-
     
-
     
-
 
Net earnings (loss) attributable for dilutive securities   $ 21,802,949     $ (3,356,956 )   $ 6,534,775     $ (6,860,958 )
                                 
Denominator:                                
Weighted average shares used to compute basic EPS     39,963,266       9,669,217       39,872,864       9,669,217  
Dilutive effect of:                                
Stock options     380,204      
-
      190,102      
-
 
Restricted and performance stock units     1,079,424      
-
      539,712      
-
 
Warrants     -      
-
      -      
-
 
Earnout shares     -      
-
      -      
-
 
Convertible debt     2,922,425       -       -       -  
Weighted average shares used to compute diluted EPS     44,345,319       9,669,217       40,602,678       9,669,217  
                                 
Basic income (loss) per share   $ 0.52     $ (0.35 )   $ 0.16     $ (0.71 )
Diluted income (loss) per share   $ 0.49     $ (0.35 )   $ 0.16     $ (0.71 )
                                 
Anti-dilutive securities excluded from shares outstanding:                                
Stock options     764,296       3,967,959       764,296       3,967,959  
Restricted and performance stock units     1,480,101      
-
      1,480,101      
-
 
Warrants     18,722,425       -       18,722,425       -  
Earnout shares     7,499,993       -       -       -  
Convertible debt     -       -       2,922,425       5,299,546  
Total     28,466,815       3,967,959       23,889,247       9,267,505  

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