Earnings (Loss) Per Share |
16. Earnings (Loss) Per Share
Following is the computation of earnings (loss) per basic and diluted
share:
|
|
Three months ended |
|
|
Nine months ended |
|
|
|
September 30, |
|
|
September 30, |
|
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings (loss) |
|
$ |
(17,678,787 |
) |
|
$ |
(13,176,497 |
) |
|
$ |
(11,144,012 |
) |
|
$ |
(20,037,455 |
) |
Less: deemed dividend for Earnout Shares |
|
|
|
|
|
|
(4,957,366 |
) |
|
|
|
|
|
|
(4,957,366 |
) |
Net earnings (loss) attributable to common stockholders |
|
$ |
(17,678,787 |
) |
|
$ |
(18,133,863 |
) |
|
$ |
(11,144,012 |
) |
|
$ |
(24,994,821 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares used to compute basic EPS |
|
|
41,155,115 |
|
|
|
16,535,661 |
|
|
|
40,453,015 |
|
|
|
11,983,183 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted earnings (loss) per share |
|
$ |
(0.43 |
) |
|
$ |
(1.10 |
) |
|
$ |
(0.28 |
) |
|
$ |
(2.09 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Anti-dilutive securities excluded from shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options |
|
|
3,084,601 |
|
|
|
3,934,165 |
|
|
|
3,084,601 |
|
|
|
3,934,165 |
|
Restricted and performance stock units |
|
|
2,411,602 |
|
|
|
- |
|
|
|
2,411,602 |
|
|
|
- |
|
Warrants |
|
|
19,109,090 |
|
|
|
18,722,425 |
|
|
|
19,109,090 |
|
|
|
18,722,425 |
|
Earnout shares |
|
|
7,499,993 |
|
|
|
7,499,993 |
|
|
|
7,499,993 |
|
|
|
7,499,993 |
|
Convertible debt |
|
|
4,855,758 |
|
|
|
2,922,425 |
|
|
|
4,855,758 |
|
|
|
2,922,425 |
|
Total |
|
|
36,961,044 |
|
|
|
33,079,008 |
|
|
|
36,961,044 |
|
|
|
33,079,008 |
|
|