XML 43 R10.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Basic and Diluted Net Loss Per Share | 9 Months Ended
--- | ---
Sep. 30, 2022
Basic and Diluted Net Loss Per Share [Abstract] |
BASIC AND DILUTED NET LOSS PER SHARE | NOTE 3 – BASIC AND DILUTED NET LOSS PER SHARE Net loss per common share is calculated in accordance with ASC Topic 260: Earnings Per Share (“ASC 260”). Basic loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. The computation of diluted net loss per share does not include dilutive common stock equivalents in the weighted average shares outstanding, as they would be anti-dilutive. Securities that could potentially dilute loss per share in the future that were not included in the computation of diluted loss per share as at September 30, 2022 and 2021 are as follows:
|  | As at September 30, |
|  | 2022 |  |  | 2021 |
Warrants to purchase common stock |  |  | 16,951,667 |  |  |  | 4,222,910 |
Options to purchase common stock |  |  | 29,459 |  |  |  | - |
Restricted Stock-Units (“RSUs”) issued under a management equity plan |  |  | 2,525,485 |  |  |  | 4,000,000 |
|  |  | 19,506,611 |  |  |  | 8,222,910 |
The following table sets forth the computation of basic and diluted loss per share:
|  | For the three months ended September 30, |  |  | For the nine months ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net Loss attributable to common shareholders |  | $ | (21,251,783 | ) |  | $ | (3,097,875 | ) |  | $ | (35,227,490 | ) |  | $ | (47,923,670 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares - basic and diluted |  |  | 79,366,725 |  |  |  | 72,952,466 |  |  |  | 74,353,227 |  |  |  | 174,470,310 |
Loss per common share - basic and diluted |  | $ | (0.27 | ) |  | $ | (0.04 | ) |  | $ | (0.47 | ) |  | $ | (0.27 | )
Comparative weighted average common shares have been revised by the ratio of Mawson AU to the Company shares exchanged in the reverse asset acquisition in March 2021. Pursuant to that certain Certificate of Amendment to the Certificate of Incorporation of the Company dated August 11, 2021, Mawson executed a 10-for-1 reverse stock split of its outstanding common stock and reduced its authorized common stock to 120,000,000 shares, as set forth in the Company’s Current Report on Form 8-K filed August 16, 2021.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration