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EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

SCHEDULE OF CALCULATIONS OF BASIC AND DILUTED EPS

The following calculates basic and diluted EPS:

 SCHEDULE OF CALCULATIONS OF BASIC AND DILUTED EPS

		Three Months				Three Months
		Ended				Ended
		June 30, 2022				June 30, 2021
Net income (loss), numerator, basic and diluted computation		$	10,495,691			$	(1,276,886	)
Weighted average shares - denominator basic computation			1,069,157				728,966
Effect of stock awards			2,128				-
Effect of Series B warrant liability
Effect of preferred stock			147,939				-
Weighted average shares, as adjusted - denominator diluted computation			1,219,224				728,966
Earnings (loss) per common share – basic		$	9.82			$	(1.75	)
Earnings (loss) per common share – diluted			8.61				(1.75	)

		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			(26,625,915	)			-
Net income (loss), numerator, diluted computation		$	(13,720,558	)		$	(1,890,812	)
Weighted average shares - denominator basic computation			1,025,108				617,316
Effect of Series B warrant liability			43,128				-
Weighted average shares, as adjusted - denominator diluted computation			1,068,236				617,316
Earnings (loss) per common share - basic		$	12.59			$	(3.06	)
Earnings (loss) per common share - diluted		$	(12.84	)		$	(3.06	)

SCHEDULE OF ANTI-DILUTIVE SECURITIES IN WEIGHTED AVERAGE SHARES

Additionally, the following are considered anti-dilutive securities excluded from weighted-average shares used to calculate diluted net loss per common share:

 SCHEDULE OF ANTI-DILUTIVE SECURITIES IN WEIGHTED AVERAGE SHARES

		For the Three Months Ended
		June 30, 2022				June 30, 2021
Shares subject to outstanding common stock options			10,928				10,928
Shares subject to outstanding Series A warrants			113,000				138,000
Shares subject to unvested stock awards			-				3,072
Shares subject to warrant liability			668,299				-

		For the six months ended
		June 30, 2022				June 30, 2021
Shares subject to outstanding common stock options			10,928				10,928
Shares subject to outstanding Series A warrants			113,000				138,000
Shares subject to conversion of Series B preferred stock			147,939				-
Shares subject to unvested stock awards			4,621				3,072
Weighted-average anti-dilutive securities			4,621				3,072

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-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

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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