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EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2021
EARNINGS PER SHARE  
EARNINGS PER SHARE

13. EARNINGS PER SHARE

The following represents the calculation of earnings (loss) per share (in thousands, except per share amounts):

Years Ended December 31,

    

2021

  

2020

Basic:

Net income (loss) available to common stockholders

$

(28,317)

$

(229,707)

Weighted average basic number of common shares outstanding

16,261

16,204

Basic net income (loss) per common share

$

(1.74)

$

(14.18)

Diluted:

Net income (loss) available to common stockholders

$

(28,317)

$

(229,707)

Weighted average basic number of common shares outstanding

16,261

16,204

Common stock equivalent shares representing shares issuable upon:

Exercise of Series A Warrants

Anti-dilutive

Anti-dilutive

Exercise of Series B Warrants

Anti-dilutive

Anti-dilutive

Exercise of Series C Warrants

Anti-dilutive

Anti-dilutive

Exercise of stock options

Anti-dilutive

Anti-dilutive

Vesting of restricted stock units

Anti-dilutive

Anti-dilutive

Weighted average diluted number of common shares outstanding

16,261

16,204

Diluted net income (loss) per common share

$

(1.74)

$

(14.18)

Common stock equivalents, including warrants, stock options and restricted stock units, if considered issuable, totaling 7.7 million for the year ended December 31, 2021 were not included in the computation of diluted earnings per share of common stock because the effect would have been anti-dilutive due to the net loss.

Common stock equivalents, including warrants, stock options and restricted stock units, if considered issuable, totaling 7.7 million shares for the year ended December 31, 2020 were not included in the computation of diluted earnings per share of common stock because the effect would have been anti-dilutive due to the net loss.