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EARNINGS (LOSS) PER SHARE
12 Months Ended
Dec. 31, 2021
EARNINGS (LOSS) PER SHARE [Abstract]  
EARNINGS (LOSS) PER SHARE
11.
EARNINGS (LOSS) PER SHARE

Basic earnings per share (“EPS”) are computed by dividing net income (loss) by the weighted-average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income by the weighted-average number of common shares and dilutive common stock equivalents outstanding during the period.

All figures in USD except number of shares and earnings (loss) per common share
 
2021
   
2020
   
2019
 
Numerator:
                 
Net Income (Loss)
   
(171,328
)
   
50,033
     
(10,352
)
Denominator:
                       
Basic - Weighted Average Common Shares Outstanding
   
162,549,611
     
149,292,586
     
142,571,361
 
Dilutive – Weighted Average Common Shares Outstanding
   
162,549,611
     
149,292,586
     
142,571,361
 
Earnings (Loss) per Common Share:
                       
Basic
   
(1.05
)
   
0.34
     
(0.07
)
Diluted
   
(1.05
)
   
0.34
     
(0.07
)

Potentially dilutive equity instruments include unexercised stock options described in note 7 and additional dilution could result from the use of the ATM offering as further described in note 12.