Quarterly report pursuant to Section 13 or 15(d)

INCOME (LOSS) PER COMMON SHARE

v3.22.2
INCOME (LOSS) PER COMMON SHARE
6 Months Ended
Jun. 30, 2022
INCOME (LOSS) PER COMMON SHARE  
NOTE 15 - INCOME (LOSS) PER COMMON SHARE

NOTE 15 – INCOME (LOSS) PER COMMON SHARE

 

The calculation of earnings (loss) per share for the three and six months ended June 30, 2022 and 2021, was as follows:

 

 

 

Three months ended

 

 

Six months ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss)

 

$ 4,595,035

 

 

$ 62,838,113

 

 

$ (63,560,442 )

 

$ 18,060,420

 

Less preferred dividends

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(6,676,994 )

Net income (loss) attributable to common shareholders

 

$ 4,595,035

 

 

$ 62,838,113

 

 

$ (63,560,442 )

 

$ 11,383,426

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator - Weighted average shares - basic

 

 

395,207,537

 

 

 

52,911,280

 

 

 

352,834,123

 

 

 

40,786,921

 

Dilutive effect of common stock equivalents - options/ warrants

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Dilutive effect Preferred C Shares

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Denominator - Weighted average shares - diluted

 

 

395,207,537

 

 

 

52,911,280

 

 

 

352,834,123

 

 

 

40,786,921

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) per share - basic

 

$ 0.01

 

 

$ 1.19

 

 

$ (0.18 )

 

$ 0.28

 

Income (loss) per share - diluted

 

$ 0.01

 

 

$ 1.19

 

 

$ (0.18 )

 

$ 0.28