|
13. NET INCOME (LOSS) PER SHARE
Net income (loss) per share represents the net earnings/loss attributable to shareholders divided by the weighted average number of shares outstanding during the period on an as converted basis.
|
|
For the Three Months Ended |
|
|
|
March 31, |
|
|
March 31, |
|
(in thousands except per share amounts) |
|
2022 |
|
|
2021 |
|
Net loss |
|
$ |
(4,057 |
) |
|
$ |
(6,719 |
) |
|
|
|
|
|
|
|
|
|
Net loss per share: |
|
|
|
|
|
|
|
|
Basic |
|
$ |
(0.04 |
) |
|
$ |
(0.13 |
) |
Diluted |
|
$ |
(0.04 |
) |
|
$ |
(0.13 |
) |
Weighted average shares outstanding: |
|
|
|
|
|
|
|
|
Basic |
|
|
100,118 |
|
|
|
53,592 |
|
Diluted |
|
|
100,118 |
|
|
|
53,592 |
|
|
|
|
|
|
|
|
|
|
Weighted average potentially diluted shares (1): |
|
|
|
|
|
|
|
|
Basic shares |
|
|
100,118 |
|
|
|
53,592 |
|
Options |
|
|
- |
|
|
|
- |
|
Warrants |
|
|
- |
|
|
|
- |
|
Convertible debentures |
|
|
- |
|
|
|
- |
|
Restricted stock units |
|
|
- |
|
|
|
- |
|
Total weighted average potentially diluted shares: |
|
|
100,118 |
|
|
|
53,592 |
|
___________________________
(1) |
For the above net loss periods, the inclusion of options, warrants, convertible debentures and restricted stock units in the calculation of diluted earnings per share would be anti-dilutive, and accordingly, were excluded from the diluted loss per share calculation. |
|