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NET LOSS PER SHARE (Tables)

6 Months Ended

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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- References

No definition available.

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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

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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

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