Earnings per share

6 Months Ended

Jun. 30, 2022

16. Earnings per share

Basic and diluted earnings per common share are computed by dividing net income/(loss) for the period by the weighted average number of shares outstanding during the period, excluding shares held in Treasury.


	Three Months Ended June 30,			Three Months Ended June 30,			Six Months Ended June 30,			Six Months Ended June 30,
	2022			2021			2022			2021
Net loss	$	(11,781,618	)	$	(2,414,626	)	$	(21,282,359	)	$	(4,631,746	)

Net loss per share basic and diluted		(0.05	)		(0.01	)		(0.09	)		(0.02	)

Weighted-average number of shares outstanding - basic and diluted		248,989,790			220,000,000			234,574,977			220,000,000

As of December 31, 2021, the Company does not have outstanding potential ordinary shares which can be converted in new shares, therefore, basic and diluted earnings per share are equivalent in the period as disclosed. As of June 30, 2022, 17,850,000 warrants were excluded from the weighted average number of shares, since their effect would have been anti-dilutive.