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EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Under the two-class method of calculating diluted earnings per share, net income is reallocated to common stock, the Series A Convertible Preferred Stock, and all dilutive securities based on the contractual participating rights of the security to share in the current earnings as if all of the earnings for the period had been distributed.

 

 

 

 

Three months ended September 30,

 

 

For the nine months ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net loss attributed to common shareholders

 

 

 

 

 

 

 

 

 

 

 

 

   Net loss

 

$

(181,896

)

 

$

(9,371

)

 

$

(166,059

)

 

$

(8,005

)

   Less: dividends paid to Series A convertible preferred shareholders

 

 

(4,596

)

 

 

-

 

 

 

(4,596

)

 

 

-

 

   Net loss attributed to common shareholders

 

$

(186,492

)

 

$

(9,371

)

 

$

(170,655

)

 

$

(8,005

)

Net loss per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic and dilutive

 

$

(2.46

)

 

$

(0.13

)

 

$

(2.26

)

 

$

(0.11

)

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic and dilutive

 

 

75,796

 

 

 

74,609

 

 

 

75,625

 

 

 

73,759