| Schedule of Computation of Earnings (Loss) Per Basic and Diluted 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 |
|
|