Earnings per Share

6 Months Ended

Jun. 30, 2022

13. Earnings per Share

Basic earnings (loss) per share is determined by dividing net loss attributable to Laird Superfood, Inc. common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is similarly determined, except that the denominator is increased to include the number of additional common shares that would have been outstanding if all dilutive potential common and preferred shares had been issued. Dilutive potential common shares consist of employee stock options and restricted stock units. The dilutive effect of employee stock options and restricted stock units issued by the Company and is calculated using the treasury stock method. Because the Company was in a loss position for all periods presented, all stock options and restricted stock units are anti-dilutive and excluded. The computation of basic and diluted earnings (loss) per share is set forth in the following table:


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Net loss	$	(4,904,520	)	$	(6,302,259	)	$	(19,043,922	)	$	(11,632,763	)
Weighted average shares outstanding- basic and diluted		9,132,632			8,967,797			9,114,527			8,931,736
Common stock options, restricted stock awards, and market-based stock awards excluded due to anti-dilutive effect		1,453,582			950,611			1,453,582			950,611
Basic and diluted:
Net loss per share, basic and diluted	$	(0.54	)	$	(0.70	)	$	(2.09	)	$	(1.30	)