Quarterly report pursuant to Section 13 or 15(d)

Earning (Loss) Per Share (Tables)

v3.24.2.u1
Earning (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Computation of Earnings (Loss) Per Basic and Diluted Share
The following table is the basic and diluted earnings (loss) per share computation. For all periods presented, weighted average shares and earnings (loss) per share reflect the effects of the Reverse Stock Split.
Three months ended
June 30,
Six months ended June 30,
2024 2023 2024 2023
Numerator:
Net income (loss) for basic earnings per share $ (5,373,320) $ 20,673,440  $ (4,959,708) $ 6,534,775 
Adjustments to net income (loss) available to shareholders
Convertible secured debentures interest 1,129,509 
Adjusted net income (loss) for diluted earnings per share $ (5,373,320) $ 21,802,949  $ (4,959,708) $ 6,534,775 
 
Denominator:
Weighted average shares used to compute basic EPS 1,950,563 1,110,091 1,667,187 1,107,580
Dilutive effect of:
Stock options 10,561  5,281 
Restricted and performance stock units 29,984  14,992 
Convertible debt 81,178 
Weighted average shares used to compute diluted EPS 1,950,563  1,231,814  1,667,187  1,127,853 
 
Basic earnings (loss) per share $ (2.75) $ 18.62  $ (2.97) $ 5.90 
Diluted earnings (loss) per share $ (2.75) $ 17.70  $ (2.97) $ 5.79 
 
Anti-dilutive securities excluded from shares outstanding:
Stock options 50,736 21,230 50,736 21,230
Restricted and performance stock units 165,796 41,114 165,796 41,114
Warrants 583,648 520,067 583,648 520,067
Earnout shares 208,333 208,333 208,333 208,333
Convertible debt 3,251,287 - 3,251,287 81,178
Total 4,259,800 790,744 4,259,800 871,922