EARNINGS PER SHARE (Tables)

3 Months Ended

Dec. 31, 2022

Schedule of Reconciliations of the Numerators and Denominators Used to Compute Basic and Diluted Earnings Per Share

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock for the three months ended December 31, 2022 and 2021:


	Three months ended December 31,
	2022		2021
Basic and diluted(1) net income (loss) per share:
Numerator
Net income (loss)	$	169	$	(3,681)
Less: Net income (loss) attributable to non-controlling interests	409		(1,153)
Net loss attributable to Class A common stockholders	$	(240)	$	(2,528)
Denominator
Weighted average shares of Class A common stock outstanding	22,998,608		22,042,801
Basic and diluted net loss per share	$	(0.01)	$	(0.11)

__________________________

1.For the three months ended December 31, 2022 and 2021 all potentially dilutive securities were anti-dilutive, so diluted net loss per share was equivalent to basic net loss per share. The following securities were excluded from the weighted average effect of dilutive securities in the computation of diluted net loss per share of Class A common stock:

a.10,118,142 and 10,222,946 weighted average shares of Class B common stock for the three months ended December 31, 2022 and 2021, respectively, along with the reallocation of net income assuming conversion of these shares, were excluded because the effect would have been anti-dilutive.

b.5,652,711 and 5,444,557 stock options for the three months ended December 31, 2022 and 2021, respectively, were excluded because the exercise price of these stock options exceeded the average market price of our Class A common stock during the period (“out-of-the-money”) and the effect of including them would have been anti-dilutive, and

c.696,427 and 606,942 shares for the three months ended December 31, 2022 and 2021, respectively, resulting from estimated stock option exercises and restricted stock units vesting as calculated by the treasury stock method were excluded because of the effect of including them would have been anti-dilutive.