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NET (LOSS) INCOME PER SHARE
 6 Months Ended
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:

     
   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  $36,323,000           
 Less: Preferred stock dividends   (4,000)          
                
 Basic earnings per share               
 Net income available to common stockholders   36,319,000    50,783,000   $0.72 
                
 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  $36,616,000    52,780,000   $0.69 
   For the Six Months Ended June 30, 2021 
   Income   Shares   Per-Share 
   (Numerator)   (Denominator)   Amount 
 Net income attributable to BitNile Holdings  $41,291,000           
 Less: Preferred stock dividends   (9,000)          
                
 Basic earnings per share               
 Net income available to common stockholders   41,282,000    45,052,000   $0.92 
                
 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  $40,907,000    47,574,000   $0.86