v3.22.1

Loss Per Common Share

12 Months Ended

Dec. 31, 2021

Loss Per Common Share

Loss Per Common Share

Note 12 - Loss Per Common Share

The Company calculates basic loss per share by dividing net loss applicable to common stockholders by the weighted average number of shares of common stock outstanding during each period. Diluted loss per share includes the dilutive 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, 2021 and 2020, 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:

​

​	​	​	​	​	​	​
​	​	For the Year Ended December 31,
​		2021			2020
​	​	​	​	​	​	​
Numerator:	​	​		​	​	​
Net loss attributable to common shareholders	​	$	(8,311,162)	​	$	(3,225,275)
​	​			​	​
Denominator:	​			​	​
Weighted average Class A common shares outstanding	​		3,502,581	​	​	1,914,846
Weighted average Class B common shares outstanding	​		71,076	​	​	81,198
Weighted average Class A and Class B common shares outstanding - Basic	​		3,573,657	​	​	1,996,044
Dilutive effect of potential common shares	​		—	​	​	—
Weighted average Class A and Class B common shares outstanding - Diluted	​		3,573,657	​	​	1,996,044
​	​			​	​
Net loss per share attributable to Class A and Class B Common shareholders - Basic	​	$	(2.33)	​	$	(1.62)
Net loss per share attributable to Class A and Class B Common shareholders - Diluted	​	$	(2.33)	​	$	(1.62)

​

The following potentially dilutive securities outstanding for the years ended December 31, 2021 and 2020 have been excluded from the computation of diluted weighted average shares outstanding, as they would be antidilutive.

​

​	​	​	​	​
​	​	December 31,
​		2021		2020
Unvested Restricted Stock Units	​	—	​	105,008
Unvested Performance Restricted Stock Units	​	176,098	​	—
Warrants	​	—	​	2,250,000
​	​	176,098	​	2,355,008

​

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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
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-URI http://asc.fasb.org/extlink&oid=124432515&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
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