INCOME (LOSS) PER COMMON SHARE

12 Months Ended

Dec. 31, 2021

INCOME (LOSS) PER COMMON SHARE

INCOME (LOSS) PER COMMON SHARE

NOTE 17– INCOME (LOSS) PER COMMON SHARE

The calculation of earnings (loss) per share for the year ended December 31, 2021 and the nine months ended December 31, 2020 was as follows:

	Year Ended			Nine Months Ended
	December 31, 2021			December 31, 2020
Numerator:
Net loss	$	(169,675,169	)	$	(52,011,388	)
Less preferred dividends		(84,156,455	)		(6,929,910	)
Net loss attributable to common stockholders	$	(253,831,624	)	$	(58,941,298	)
Denominator
Weighted average share – basic		124,077,234			17,556,725
Dilutive effect of common stock equivalents options/warrants		-			-
Preferred C shares		-			-
Denominator
Total Weighted average common shares – diluted		124,077,234			17,556,725
Income (loss) per common share – basic
Income (loss) per common share from continuing operations	$	(2.05	)	$	(3.36	)
Income (loss) per common share – diluted
Income (loss) per common share from continuing operations	$	(2.05	)	$	(3.36	)

For the year ended December 31, 2021 and the nine months ended December 31, 2020, the following common share equivalents related to convertible debt, Series C Preferred Stock, warrants and options to purchase shares of common stock were excluded from the computation of diluted net income (loss) per share as the inclusion of such shares would be anti-dilutive.  The Series G Stock is not currently convertible.

	Year Ended December 31, 2021		Nine Months Ended December 31, 2020
Common Shares Issuable for:
Convertible Debt		276		276
Options and Warrants		100,100,035		38
Series C Preferred Shares		162,124,645		109,666,626
Total		262,224,956		109,666,940