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BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Basic and Diluted Income (Loss) Per Common Share | BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE The following is a reconciliation of weighted average common shares outstanding:
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Issued shares at beginning of period | 157,682,531 |  |  | 156,262,199 |  |  | 134,311,033 |
Effect of stock options exercised | 105,819 |  |  | 155,509 |  |  | 474,072 |
Effect of shares issued for settlement of vesting of restricted stock units | 290,390 |  |  | 335,546 |  |  | 443,364 |
Effect of shares issued for settlement of exercises of stock appreciation rights | 120,291 |  |  | 2,679 |  |  | 2,316 |
Effect of shares issued for exercise of share purchase warrants | — |  |  | — |  |  | 1,737,981 |
Effect of shares issued for consulting services | 42,202 |  |  | 16,064 |  |  | 35,933 |
Effect of shares issued in public offerings | 865,806 |  |  | 571,253 |  |  | 9,899,825 |
Weighted average common shares outstanding | 159,107,039 |  |  | 157,343,250 |  |  | 146,904,524 |
Basic and diluted income (loss) per common share The calculation of basic and diluted income (loss) per share after adjustment for the effects of all potential dilutive common shares, calculated as follows:
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Net income (loss) attributable to owners of the Company | $ | 99,862 |  |  | $ | (59,849) |  |  | $ | 1,541 |
Basic weighted average common shares outstanding | 159,107,039 |  |  | 157,343,250 |  |  | 146,904,524 |
Dilutive impact of stock options, restricted stock units, and warrants | 1,047,001 |  |  | — |  |  | 2,816,593 |
Diluted weighted average common shares outstanding | 160,154,040 |  |  | 157,343,250 |  |  | 149,721,117 |
Basic net income (loss) per common share | $ | 0.63 |  |  | $ | (0.38) |  |  | $ | 0.01 |
Diluted net income (loss) per common share | $ | 0.62 |  |  | $ | (0.38) |  |  | $ | 0.01 |
For the years ended December 31, 2023, 2022 and 2021, 0.11 million, 0.06 million and 6.87 million stock options, restricted stock units, and warrants, respectively, and the potential conversion of the Convertible Debentures have been excluded from the calculation of diluted net income (loss) per common share as their effect would have been anti-dilutive. In addition, the Company excluded stock appreciation rights of 1.85 million, 2.45 million, and 1.67 million for the years ended December 31, 2023, 2022, and 2021, respectively as they are contingently issuable based on specified market prices of the Company’s stock which were not achieved as of the end of each period.

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