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NET (LOSS) INCOME PER SHARE | 6 Months Ended
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Jun. 30, 2022
Earnings Per Share [Abstract] |
NET (LOSS) INCOME PER SHARE | 20. NET (LOSS) INCOME PER SHARE For the three and six months ended June 30, 2022, net loss per share is computed by dividing the net loss to common stockholders by the weighted average number of common shares outstanding. The calculation of the basic and diluted earnings per share is the same for the three and six months ended June 30, 2022, as the effect of the potential common stock equivalents is anti-dilutive due to the Company’s net loss position for the period. Anti-dilutive securities, which are convertible into or exercisable for the Company’s common stock, consisted of the following at June 30, 2022: Net Loss Per Share
|  | June 30, 2022 |
Stock options |  |  | 6,396,000 |
Restricted stock grants |  |  | 2,085,000 |
Warrants |  |  | 18,493,000 |
Convertible notes |  |  | 165,000 |
Convertible preferred stock |  |  | 2,000 |
Total |  |  | 27,141,000 |
Basic and diluted net income per common share for the three and six months ended June 30, 2021 are calculated as follows:
|  | For the Three Months Ended June 30, 2021 |
|  | Income |  |  | Shares |  |  | Per-Share |
|  | (Numerator) |  |  | (Denominator) |  |  | Amount |
Net income attributable to BitNile Holdings |  | $ | 41,216,000 |  |  |  |  |  |  |  |  |
Less: Preferred stock dividends |  |  | (4,000 | ) |  |  |  |  |  |  |  |
Basic earnings per share |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common stockholders |  |  | 42,212,000 |  |  |  | 50,783,000 |  |  | $ | 0.83 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | — |  |  |  | 292,000 |  |  |  |  |
Warrants |  |  | 290,000 |  |  |  | 1,540,000 |  |  |  |  |
4% convertible notes |  |  | 7,000 |  |  |  | 165,000 |  |  |  |  |
Diluted earnings per share |  |  |  |  |  |  |  |  |  |  |  |
Income available to common stockholders plus assumed conversions |  | $ | 42,509,000 |  |  |  | 52,780,000 |  |  | $ | 0.81 |
|  | For the Six Months Ended June 30, 2021 |
|  | Income |  |  | Shares |  |  | Per-Share |
|  | (Numerator) |  |  | (Denominator) |  |  | Amount |
Net income attributable to BitNile Holdings |  | $ | 44,215,000 |  |  |  |  |  |  |  |  |
Less: Preferred stock dividends |  |  | (9,000 | ) |  |  |  |  |  |  |  |
Basic earnings per share |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common stockholders |  |  | 44,206,000 |  |  |  | 45,052,000 |  |  | $ | 0.98 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | — |  |  |  | 422,000 |  |  |  |  |
Warrants |  |  | (388,000 | ) |  |  | 1,935,000 |  |  |  |  |
4% convertible notes |  |  | 13,000 |  |  |  | 165,000 |  |  |  |  |
Diluted earnings per share |  |  |  |  |  |  |  |  |  |  |  |
Income available to common stockholders plus assumed conversions |  | $ | 43,831,000 |  |  |  | 47,574,000 |  |  | $ | 0.92 |

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