Quarterly report pursuant to Section 13 or 15(d)

INCOME (LOSS) PER COMMON SHARE

v3.22.2.2
INCOME (LOSS) PER COMMON SHARE
9 Months Ended
Sep. 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 nine months ended September 30, 2022 and 2021, was as follows:

 

 

 

Three months ended

 

 

Nine months ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss)

 

$

(23,280,727)

 

 

$

(264,555,523)

 

 

$

(86,841,169

)

 

$

(246,495,102)

 

Less preferred dividends

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(6,676,994)

Net income (loss) attributable to common shareholders

 

$

(23,280,727)

 

 

$

(264,555,523)

 

 

$

(86,841,169

)

 

$

(253,172,096)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator - weighted average shares – basic

 

 

487,692,319

 

 

 

161,892,534

 

 

 

401,147,671

 

 

 

81,599,069

 

Dilutive effect of common stock equivalents - options/ warrants

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Dilutive effect Preferred C Shares

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Denominator - weighted average shares - diluted

 

 

487,692,319

 

 

 

161,892,534

 

 

 

401,147,671

 

 

 

81,599,069

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) per share - basic

 

$

(0.05)

 

 

$

(1.63)

 

 

$

(0.22

)

 

$

(3.10)

 

Income (loss) per share - diluted

 

$

(0.05)

 

 

$

(1.63)

 

 

$

(0.22

)

 

$

(3.10)