Three Months Ended September 30,

Nine Months Ended September 30,

2022

2021

2022

2021

Numerator:

Income (loss) available to common stockholders

$

14,071,914

$

(25,229,590

)

$

(56,027,370

)

$

(36,893,674

)

Less: Undistributed earnings allocated to participating securities

(2,630,305

)

-

Numerator, basic

11,441,609

(25,229,590

)

(56,027,370

)

(36,893,674

)

Effect of dilutive securities

Plus: Preferred stock dividends

295,819

-

Plus: Undistributed earnings allocated to participating securities

2,630,305

-

Less: Undistributed earnings re-allocated to participating securities

(2,392,897

)

-

Numerator, diluted

$

11,974,836

$

(25,229,590

)

$

(56,027,370

)

$

(36,893,674

)

Denominator:

Weighted average number of shares outstanding, basic

206,224,561

152,222,589

196,126,428

150,397,062

Effect of dilutive securities:

Restricted stock units

77,088

-

Contingently issuable shares

1,769,884

-

Stock options

16,953,621

-

Preferred stock

6,363,233

-

Weighted average number of shares outstanding, diluted

231,388,387

152,222,589

196,126,428

150,397,062

Basic income (loss) per share available to common stockholders

$

0.06

$

(0.17

)

$

(0.29

)

$

(0.25

)

Diluted income (loss) per share available to common stockholders

$

0.05

$

(0.17

)

$

(0.29

)

$

(0.25

)