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NET INCOME (LOSS) PER SHARE
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE

NOTE 20. NET INCOME (LOSS) PER SHARE

 

The calculation of the weighted average number of shares outstanding and loss per share outstanding for the years ended December 31, 2022 and 2021 are as follows:

  

   2022   2021 
   Year ended December 31, 
   2022   2021 
Numerator for basic and diluted income (loss) per share – Net income (loss) attributable to common stockholders  $(21,666,691)  $25,474,508 
           
Denominator for basic loss per share – weighted average shares outstanding   2,548,549    2,511,114 
Dilutive effect of shares issuable upon conversion of convertible debt and the exercise of stock options and warrants outstanding   —    — 
           
Denominator for diluted loss per share – adjusted weighted average shares outstanding   2,548,549    2,511,114 
           
Net income (loss) per share:          
Basic  $(8.50)  $10.14 
Diluted  $(8.50)  $10.14 

 

Basic income (loss) per share is based upon the weighted average number of shares of common stock outstanding during the period. For the years ended December 31, 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.