Earnings Per Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Note 7 - Earnings Per Share

Basic earnings (loss) per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share is computed by dividing the net income (loss) available to common stockholders by the weighted-average number of common shares outstanding and potentially dilutive common shares outstanding during the period. Potentially dilutive common shares include stock options and warrants outstanding during the period, using the treasury stock method. Potentially dilutive common shares are excluded from the computations of diluted earnings per share if their effect would be anti-dilutive. A net loss available to common stockholders causes all potentially dilutive securities to be anti-dilutive and are not included.

Basic and diluted loss per share are computed as follows:

	Three Months Ended June 30,
	2022		2021
Net loss available to common stockholders	$	(20,783,190)	$	(11,079,178)
Basic weighted-average common shares outstanding		14,950,458		14,059,211
Dilutive effect of options and warrants		—		—
Weighted-average diluted common shares outstanding		14,950,458		14,059,211
Basic and diluted loss per share	$	(1.39)	$	(0.79)
Anti-dilutive stock options and warrants		16,813		3,892,936

	Six Months Ended June 30,
	2022		2021
Net loss available to common stockholders	$	(34,910,150)	$	(20,272,559)
Basic weighted-average common shares outstanding		15,152,222		13,848,655
Dilutive effect of options and warrants		—		—
Weighted-average diluted common shares outstanding		15,152,222		13,848,655
Basic and diluted loss per share	$	(2.30)	$	(1.46)
Anti-dilutive stock options and warrants		236,267		3,658,102