EARNINGS (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2023

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	2023		2022		2021
Numerator:
Net Income (Loss)		98,711		15,101		(171,328	)
Denominator:
Basic - Weighted Average Common Shares Outstanding		208,796,444		202,032,942		162,549,611
Dilutive – Weighted Average Common Shares Outstanding		208,811,300		202,032,942		162,549,611
Earnings (Loss) per Common Share:
Basic		0.47		0.07		(1.05	)
Diluted		0.47		0.07		(1.05	)

Potentially dilutive equity instruments include the effects from 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.