v3.21.1

Income (Loss) Per Common Share (Successor)

12 Months Ended

Dec. 31, 2020

Income (Loss) Per Common Share (Successor)

Income (Loss) Per Common Share (Successor)

Note 12 – Income (Loss) Per Common Share

The Company calculates basic income (loss) per share by dividing net income (loss) applicable to common stockholders by the weighted average number of shares of common stock outstanding during each period. Diluted earnings (loss) per share includes the effect, if any, from the potential exercise or conversion of securities, such as warrants, stock options and restricted stock units, that would result in the issuance of incremental shares of common stock. For the year ended December 31, 2020 (Successor) and the period October 4, 2019 through December 31, 2019 (Successor), the earnings per share amounts are the same for Class A Common and Class B Common stock because the holders of each class are legally entitled to equal per share distributions whether through dividends or in liquidation.

The calculations of basic and diluted income (loss) per common share are as follows:

		Year Ended			October 4, 2019
		December 31,			through
		2020			December 31, 2019
Numerator:
Net loss attributable to common shareholders		$	(3,225,275)		$	(1,123,755)
Denominator:
Weighted average Class A common shares outstanding			1,914,846			1,523,675
Weighted average Class B common shares outstanding			81,198			88,497
Weighted average Class A and Class B common shares outstanding- Basic			1,996,044			1,612,172
Dilutive effect of potential common shares			—			—
Weighted average Class A and Class B common shares outstanding- Diluted			1,996,044			1,612,172
Net loss per share attributable to Class A and Class B Common shareholders- Basic		$	(1.62)		$	(0.70)
Net loss per shares attributable to Class A and Class B Common shareholders- Diluted		$	(1.62)		$	(0.70)

The following potentially dilutive securities outstanding for the Successor periods ended December 31, 2020 and 2019 have been excluded from the computation of diluted weighted average shares outstanding, as they would be antidilutive.

		December 31,
		2020		2019
Unvested Restricted Stock Units		105,008		150,000
Unvested Restricted Stock		—		10,000
Warrants		2,250,000		2,250,000
		2,355,008		2,410,000

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257

+ Details

Name:	us-gaap_EarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration