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NET LOSS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2022
Earnings Per Share [Abstract] |
Summary Of Earnings per Shares, basic and diluted | Presented in the table below is a reconciliation of the numerator and denominator for the basic and diluted earnings per share (“EPS”) calculations for the periods ended:
| For the three months ended |  | For the six months ended
| June 30, |  | June 30,
(in 000’ USD, except share and per share amounts) | 2022 |  | 2021 |  | 2022 |  | 2021
Numerator: |  |  |  |  |  |  |
Net loss attributable to the Company | $ | (11,141) |  |  | $ | (6,885) |  |  | $ | (22,048) |  |  | $ | (7,966) |
Less cumulative earnings to preferred shareholder | — |  |  | (7,532) |  |  | — |  |  | (14,925) |
Net loss attributable to common stockholders | (11,141) |  |  | (14,417) |  |  | (22,048) |  |  | (22,891) |
Denominator: |  |  |  |  |  |  |
Weighted average common shares and warrants outstanding* |  |  |  |  |  |  |
Basic (in number) | 76,239,989 |  |  | 31,647,131 |  |  | 75,146,201 |  |  | 31,647,131 |
Diluted (in number) | 76,239,989 |  |  | 31,647,131 |  |  | 75,146,201 |  |  | 31,647,131 |
Net loss per unit attributable to common stockholder |  |  |  |  |  |  |
Basic | $ | (0.15) |  |  | $ | (0.46) |  |  | $ | (0.29) |  |  | $ | (0.72) |
Diluted | $ | (0.15) |  |  | $ | (0.46) |  |  | $ | (0.29) |  |  | $ | (0.72) |
*The KORE warrants have been treated as outstanding common shares in the weighted average common shares and warrants outstanding for the three months and six months ended June 30, 2021.
Summary Of Diluted Shares Outstanding | The following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive:
| For the three months ended |  | For the six months ended
(Number of shares) | June 30, |  | June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Series C Convertible Preferred Stock | — |  |  | 2,520,368 |  |  | — |  |  | 2,520,368 |
Stock Options | — |  |  | 432,500 |  |  | — |  |  | 432,500 |
Common stock issued under the Backstop Agreement | 9,600,031 |  |  | — |  |  | 9,600,031 |  |  | — |
Restricted stock grants with only service conditions | 3,441,651 |  |  | — |  |  | 3,275,885 |  |  | — |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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