Earnings Per Share

9 Months Ended

Sep. 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 September 30,
	2022		2021
Net loss available to common stockholders	$	(20,060,247)	$	(16,741,678)
Basic weighted-average common shares outstanding		17,802,522		16,145,808
Dilutive effect of options and warrants		—		—
Weighted-average diluted common shares outstanding		17,802,522		16,145,808
Basic and diluted loss per share	$	(1.13)	$	(1.04)
Anti-dilutive stock options and warrants		272,987		3,701,061

	Nine Months Ended September 30,
	2022		2021
Net loss available to common stockholders	$	(54,970,397)	$	(37,014,237)
Basic weighted-average common shares outstanding		16,040,097		14,622,787
Dilutive effect of options and warrants		—		—
Weighted-average diluted common shares outstanding		16,040,097		14,622,787
Basic and diluted loss per share	$	(3.43)	$	(2.53)
Anti-dilutive stock options and warrants		248,940		3,785,734