EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2021

EARNINGS (LOSS) PER SHARE [Abstract]

EARNINGS (LOSS) PER SHARE

16. EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share (“EPS”) is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of Common Stock outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into Common Stock.

The Company has contingent share arrangements and warrants with the potential issuance of additional shares of Common Stock from these arrangements were excluded from the diluted EPS calculation because the prevailing market and operating conditions at the present time do not indicate that any additional shares of Common Stock will be issued. These instruments could result in dilution in future periods.

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Earnout provision, includes new shares of common stock to be issued to former Peck Electric Co. shareholders		-		898,473		-		898,473
Earnout provision, includes new shares of Common Stock that may be issued to Exit Strategy		-		11,231		-		11,231
Earnout provision, including new shares of Common Stock that may be issued to holders of forfeited and canceled shares		-		257,799		-		257,799
Option to purchase Common Stock, from Jensyn’s IPO		429,000		429,000		429,000		429,000
Private warrants to purchase Common Stock, from Jensyn’s IPO		34,572		2,292,250		34,572		2,292,250
Warrants to purchase Common Stock, from Solar Project Partners, LLC. Exchange and Subscription Agreement		-		275,000		-		275,000
Conversion of Preferred Stock to Common Stock from GreenSeed Investors, LLC Exchange and Subscription Agreement		-		370,370		-		370,370
Unvested restricted stock awards		160,667		-		160,667		-
Unvested options to purchase Common Stock		201,334		-		201,334		-
Totals		825,573		4,534,123		825,573		4,534,123