SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2024

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Calculation of Basic and Diluted Earnings Per Share

For the three and nine months ended September 30, 2024 and the three months ended September 30, 2023, basic and diluted earnings per share is calculated as follows:

	Three Months Ended September 30, 2024		Three Months Ended September 30, 2023		Nine Months Ended September 30, 2024
Net income available to common stockholders ($000's) (numerator)	$	35,909	$	2,565	$	85,777
Weighted-average number of common shares (denominator)		234,571,376		225,276,980		231,959,579
Basic earnings per common shares	$	0.15	$	0.01	$	0.37
Weighted-average number of common shares		234,571,376		225,276,980		231,959,579
Potential shares of common stock arising from outstanding stock options, warrants and unvested RSUs		10,232,689		8,484,282		9,812,583
Total shares - diluted (denominator)		244,804,065		233,761,262		241,772,162
Diluted earnings per common share	$	0.15	$	0.01	$	0.35

Calculation of Diluted Loss Per Common Share

For the nine months ended September 30, 2023, the following securities were excluded from the calculation of diluted loss per common share because of their anti-dilutive effects:

Stock Options	5,841,241
Restricted Stock Units	4,877,482
Warrants	12,502,906
	23,221,629