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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2022
EARNINGS PER SHARE  
Schedule of calculation of earnings (loss) per share

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

Three Months Ended

March 31,

2022

2021

Basic:

Net income (loss)

$

(92,744)

$

(33,375)

Weighted average basic number of common shares outstanding

16,303

16,232

Basic net income (loss) per share of common stock

$

(5.69)

$

(2.06)

Diluted:

Net income (loss)

$

(92,744)

$

(33,375)

Weighted average basic number of common shares outstanding

16,303

16,232

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

16,303

16,232

Diluted net income (loss) per share of common stock

$

(5.69)

$

(2.06)