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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2024
EARNINGS PER SHARE [Abstract] |
EARNINGS PER SHARE |
11. | EARNINGS PER SHARE
Basic earnings per share (“EPS”) are computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income by the weighted-average number of common shares and dilutive common stock equivalents outstanding during the period.
All figures in USD except number of shares and earnings (loss) per common share |  | 2024 |  |  | 2023 |  |  | 2022 |
Numerator: |  |  |  |  |  |  |  |  |
Net Income (Loss) |  |  | 46,643 |  |  |  | 98,711 |  |  |  | 15,101 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic - Weighted Average Common Shares Outstanding |  |  | 209,227,286 |  |  |  | 208,796,444 |  |  |  | 202,032,942 |
Dilutive – Weighted Average Common Shares Outstanding |  |  | 209,898,006 |  |  |  | 208,811,300 |  |  |  | 202,032,942 |
Earnings (Loss) per Common Share: |  |  |  |  |  |  |  |  |  |  |  |
Basic and dilutive |  |  | 0.22 |  |  |  | 0.47 |  |  |  | 0.07 |

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