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Net Loss per Share | 3 Months Ended
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Mar. 31, 2022
Income (loss) per common share: |
Net Loss per Share | 22. Net Loss per Share Basic net earnings per common share are calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net earnings per common share are calculated by dividing net income by the diluted weighted average number of common shares outstanding during the period. The diluted shares include the dilutive effect of stock-based awards based on the treasury stock method. Basic and diluted net income (loss) per share attributable to common stockholders is calculated as follows: Schedule of Basic and Diluted Net Loss Per Share Attributable to Common Stockholders
|  | 2022 |  |  | 2021 |
|  | Three Months Ended March 31, |
(only dollars are in thousands) |  | 2022 |  |  | 2021 |
Net income (loss) |  | $ | 5,561 |  |  | $ | (3,534 | )
Shares |  |  |  |  |  |  |  |
Basic weighted average common shares outstanding |  |  | 17,104,749 |  |  |  | 8,000,000 |
Add: Effect of dilutive securities |  |  |  |  |  |  |  |
Stock options and restricted stock units |  |  | 28,469 |  |  |  | - |
Diluted weighted average common shares outstanding |  |  | 17,133,218 |  |  |  | 8,000,000 |
Net earnings (loss) per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.33 |  |  | $ | (0.44 | )
Diluted |  | $ | 0.32 |  |  | $ | (0.44 | )
The following table sets forth the potential common shares that were not included in the diluted per share calculations for the three months ended March 31, 2022 because the exercise price was greater than their average market value and they would be anti-dilutive: Schedule of Anti-dilutive Securities Excluded From Computation of Earnings Per Share
March 31, |  | 2022 |  |  | 2021 |
Common stock warrants |  |  | 4,349,537 |  |  |  | 4,349,537 |
Common stock options |  |  | 575,518 |  |  |  | 613,614 |
Restricted Stock Units |  |  | - |  |  |  | 170,068 |
Total anti-dilutive securities |  |  | - |  |  |  | 170,068 |

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