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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
10. EARNINGS PER SHARE

The following information sets forth the computations of basic and diluted net increase in stockholders’ equity resulting from operations per share for the three and nine months ended September 30, 2022 and 2021:

 For the Three Months Ended September 30,For the Nine Months Ended September 30,
 2022202120222021
Net increase in stockholders’ equity resulting from operations—basic$104 $334 $426 $1,185 
Adjustment for interest expense on 2024 Convertible Notes(1)4 — 13 — 
Net increase in stockholders’ equity resulting from operations—diluted$108 $334 $439 $1,185 
Weighted average shares of common stock outstanding—basic503 453 492 441 
Assumed conversion of 2024 Convertible Notes20 — 20 — 
Weighted average shares of common stock outstanding—diluted523 453 512 441 
Net increase in stockholders’ equity resulting from operations per share—basic$0.21 $0.73 $0.86 $2.68 
Net increase in stockholders’ equity resulting from operations per share—diluted$0.21 $0.73 $0.86 $2.68 
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(1)    Includes the impact of income based fees.

Subsequent to the adoption of ASU 2020-06 on January 1, 2022, for the purpose of calculating diluted net increase in stockholders’ equity resulting from operations per share for the three and nine months ended September 30, 2022, the Company utilized the if-converted method which assumes full share settlement for the aggregate value of the 2024 Convertible Notes. Under the allowed modified retrospective method, diluted net increase in stockholders’ equity resulting from operations per share for prior periods were not restated to reflect the impact of ASU 2020-06. Prior to the adoption of ASU 2020-06, for the purpose of calculating diluted net increase in stockholders’ equity resulting from operations per share, the average closing price of the Company’s common stock for the three and nine months ended September 30, 2021 was more than the conversion price for each of the Convertible Unsecured Notes outstanding as of September 30, 2021. Therefore, the underlying shares for the intrinsic value of the embedded options in the Convertible Unsecured Notes outstanding during the three and nine months ended September 30, 2021 had no impact on the computation of diluted net increase in stockholders’ equity resulting from operations per share.