XML 33 R22.htm IDEA: XBRL DOCUMENT

EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

SCHEDULE OF CALCULATIONS OF BASIC AND DILUTED EPS

The calculations of basic and diluted EPS, are as follows:

		Three Months				Three Months
		ended				ended
		June 30, 2022				June 30, 2021
Net income (loss)		$	10,495,691			$	(1,276,886	)
Deemed dividend			-				-
Net income (loss), numerator, basic computation			10,495,691				(1,276,886	)
Recognition and change in fair value of warrant liability			(12,633,251	)			-
Net income (loss), numerator, diluted computation		$	(2,137,560	)		$	(1,276,886	)

Weighted average shares - denominator basic computation			18,738,290				10,934,489
Effect of stock awards			31,916				-
Effect of Series B warrant liability
Effect of preferred stock			2,219,084				-
Weighted average shares, as adjusted - denominator diluted computation			20,989,290				10,934,489
Earnings (loss) per common share – basic		$	0.56			$	(0.12	)
Earnings (loss) per common share – diluted			(0.10	)			(0.12	)

		Six Months				Six Months
		ended				ended
		June 30, 2022				June 30, 2021
Net income (loss)		$	19,835,692			$	(1,890,812	)
Deemed dividend			(6,930,335	)			-
Net income (loss), numerator, basic computation			12,905,357				(1,890,812	)
Recognition and change in fair value of warrant liability			(24,748,163	)			-
Net income (loss), numerator, diluted computation		$	(11,842,806	)		$	(1,890,812	)

Weighted average shares - denominator basic computation			17,238,285				9,259,738
Effect of stock awards			46,084				-
Effect of Series B warrant liability			2,219,084				-
Effect of preferred stock			631,276				-
Weighted average shares, as adjusted - denominator diluted computation			20,134,729				9,259,738
Earnings (loss) per common share - basic		$	0.75			$	(0.20	)
Earnings (loss) per common share - diluted		$	(0.59	)		$	(0.20	)