Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share

v3.22.2.2
Earnings (Loss) Per Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

13. 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,  
    2022     2021     2022     2021  
Numerator:                        
Net loss   $ (6,083,670 )   $ (1,298,122 )   $ (12,944,628 )   $ (3,892,715 )
Less: deemed dividend for Earnout Shares     (4,957,366 )     -       (4,957,366 )     -  
Net loss attributable to common stockholders   $ (11,041,036 )   $ (1,298,122 )   $ (17,901,994 )   $ (3,892,715 )
Denominator:                                
Weighted average shares used to compute basic and diluted EPS
    16,535,661       9,637,962       11,983,183       9,637,962  
                                 
Basic and diluted earnings (loss) per share
  $ (0.67 )   $ (0.13 )   $ (1.49 )   $ (0.40 )
                                 
Anti-dilutive securities excluded from shares outstanding:                                
Stock options     3,934,165       3,359,932       3,934,165       3,359,932  
Warrants     18,722,425       -       18,722,425       -  
Earnout shares     7,499,993       -       7,499,993       -  
Debentures     2,922,425       -       2,922,425       -  
Total     33,079,008       3,359,932       33,079,008       3,359,932