EARNINGS (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2022

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	2022		2021			2020
Numerator:
Net Income (Loss)		15,101		(171,328	)		50,033
Denominator:
Basic - Weighted Average Common Shares Outstanding		202,032,942		162,549,611			149,292,586
Dilutive – Weighted Average Common Shares Outstanding		202,032,942		162,549,611			149,292,586
Earnings (Loss) per Common Share:
Basic		0.07		(1.05	)		0.34
Diluted		0.07		(1.05	)		0.34

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.