Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.22.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Loss Per Share

The following is a reconciliation of the weighted average number of common shares outstanding used in calculating basic and diluted net loss per share (in thousands):

    March 31, 2022     March 31, 2021  
    For the three months ended  
    March 31, 2022     March 31, 2021  
Net income - basic   $ 12,494     $ 1,057  
Interest on unsecured convertible promissory note     232       -  
Net income - diluted   $ 12,726     $ 1,057  
                 
Weighted average shares outstanding - basic     15,486       14,563  
Diluted shares- Stock Options     2,232       2,895  
Diluted shares- Stock Warrants     222       284  
Unsecured convertible promissory note     800       458  
Weighted average shares outstanding - diluted     18,740       18,200  
Schedule of Anti-dilutive Securities Excluded from the Income Per Share Computation

The following table represents the number of securities excluded from the income per share computation as a result of their anti-dilutive effect (in thousands):

 

    For the three months ended  
Anti-dilutive securities   March 31, 2022     March 31, 2021  
Common stock purchase warrants     455       455  
Stock Options     810       -  
Anti-dilutive securities     1,265       455