Schedule of Basic and Diluted Earnings Per Share |
The
following table reconciles the numerator and the denominator used to calculate basic and diluted earnings per share for three and nine
months ended September 30, 2022:
Schedule of Basic and Diluted Earnings Per Share
| |
2022 | | |
2021 | | |
2022 | | |
2021 | |
| |
Three Months Ended September 30, | | |
Nine Months Ended September 30, | |
| |
2022 | | |
2021 | | |
2022 | | |
2021 | |
Numerator | |
| | | |
| | | |
| | | |
| | |
Net income (loss), as reported | |
$ | (1,361,062 | ) | |
$ | 11,475,966 | | |
$ | 7,667,231 | | |
$ | 29,160,154 | |
| |
| | | |
| | | |
| | | |
| | |
Denominator | |
| | | |
| | | |
| | | |
| | |
Weighted average shares, basic | |
| 31,321,368 | | |
| 28,941,357 | | |
| 32,109,213 | | |
| 28,800,450 | |
Dilutive effect of stock options, warrants and RSUs | |
| - | | |
| 1,011,333 | | |
| 893,326 | | |
| 1,071,965 | |
Shares used to compute diluted earnings per share | |
| 31,321,368 | | |
| 29,952,690 | | |
| 33,002,539 | | |
| 29,872,415 | |
| |
| | | |
| | | |
| | | |
| | |
Basic earnings per share | |
$ | (0.04 | ) | |
$ | 0.40 | | |
$ | 0.24 | | |
$ | 1.01 | |
Diluted earnings per share | |
$ | (0.04 | ) | |
$ | 0.38 | | |
$ | 0.23 | | |
$ | 0.98 | |
|