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EARNINGS INCOME (LOSS) PER SHARE
 9 Months Ended
Sep. 30, 2022
Net income (loss) per share:  
EARNINGS INCOME (LOSS) PER SHARE

(11) EARNINGS INCOME (LOSS) PER SHARE

 

Net income (loss) per share for the three and nine months ended September 30, 2022 and 2021, respectively, are as follows:

 

  

September 30,

2022

  

September 30,

2021

  

September 30,

2022

  

September 30,

2021

 
   Three Months Ended   Nine Months Ended 
  

September 30,

2022

  

September 30,

2021

  

September 30,

2022

  

September 30,

2021

 
Numerator:                
Net income (loss)  $(4,062,580)  $1,699,896   $(11,027,640)  $(399,535)
                     
Denominator:                    
Weighted average common shares - basic   46,527,248    42,301,480    46,297,906    37,705,175 
Effect of dilutive common share equivalents   —    1,135,996    —    — 
Weighted average common shares - dilutive   46,527,248    43,437,476    46,297,906    37,705,175 
                     
Basic net income (loss) per share  $(0.09)  $0.04   $(0.24)  $(0.01)
Diluted net income (loss) per share  $(0.09)  $0.04   $(0.24)  $(0.01)

 

Diluted loss per common share for the three and nine months ended September 30, 2022 and 2021 excludes the effects of 1,257,581 and 1,135,996 common share equivalents, respectively, since such inclusion would be anti-dilutive. The common share equivalents consist of shares of common stock issuable upon exercise of outstanding stock options.