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NET EARNINGS (LOSS) PER SHARE
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
NET EARNINGS (LOSS) PER SHARE

NOTE 16. NET EARNINGS (LOSS) PER SHARE

 

The calculation of the weighted average number of shares outstanding and loss per share outstanding for the three and six months ended June 30, 2022 and 2021 are as follows:

 

                     
  

Three Months Ended

June 30,

   Six Months Ended
June 30,		 
   2022   2021   2022   2021 
Numerator for basic and diluted income per share – Net income (loss) attributable to common stockholders  $(1,065,513)  $(5,382,487)  $(7,665,662)  $16,339,371 
                     
Denominator for basic loss per share – weighted average shares outstanding   48,657,440    51,513,691    49,787,562    48,177,399 
Dilutive effect of shares issuable under stock options and warrants outstanding   —    —    —    — 
                     
Denominator for diluted loss per share – adjusted weighted average shares outstanding   48,657,440    51,513,691    49,787,562    48,177,399 
                     
Net loss per share:                    
Basic  $(0.02)  $(0.10)  $(0.15)  $0.34 
Diluted  $(0.02)  $(0.10)  $(0.15)  $0.34 

 

Basic income (loss) per share is based upon the weighted average number of common shares outstanding during the period. For the three and six months ended June 30, 2022 and 2021, all shares issuable upon conversion of convertible debt and the exercise of outstanding stock options and warrants were antidilutive, and, therefore, not included in the computation of diluted income (loss) per share.