XML 36 R25.htm IDEA: XBRL DOCUMENT v3.21.2
Net income / (loss) per share
9 Months Ended
Sep. 30, 2021
Net income / (loss) per share [Abstract]  
Net income / (loss) per share
18.
Net income / (loss) per share
 
Net income (loss) per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period.
 
The following table sets forth the computation of the basic and diluted net income / (loss) per share for the three months ended September 30, 2021 and 2020 and the nine months ended September 30, 2021 and 2020.

   
Three months ended September 30,
(Unaudited)
   
Nine months ended September 30,
(Unaudited)
 
    2021
    2020
    2021
    2020
 
Numerator:
                       
Net loss
  $ (11,279,722 )   $ (748,816 )  
$
(11,517,360
)
 
$
(1,418,037
)
Denominator:
                               
Basic weighted average number of shares
    48,325,164
      23,182,817
     
43,982,039
     
21,180,639
 
                                 
Diluted weighted average number of shares
    48,325,164
      23,182,817
     
43,982,039
     
21,180,639
 
Net loss per share:
                               
Basic
  $ (0.23 )   $ (0.03 )  
$
(0.26
)
 
$
(0.07
)
Diluted
  $ (0.23 )   $ (0.03 )  
$
(0.26
)
 
$
(0.07
)

Basic net income / (loss) per share is computed by dividing net income / (loss) for the periods presented by the weighted-average number of common shares outstanding during these periods.
 
Diluted net income /(loss) per share is computed by dividing the net income / (loss), by the weighted average number of common shares outstanding for the periods, adjusted for the dilutive effect of shares of common stock equivalents resulting from the assumed exercise of the Public Warrants, Private Placements Warrants, Working Capital Warrants, Stock Options and Restricted Stock Units. The treasury stock method was used to calculate the potential dilutive effect of these common stock equivalents.
 
As the Company incurred losses for the three month and nine month periods ended September 30, 2021 and 2020, the effect of including any potential common shares in the denominator of diluted per-share computations would have been anti-dilutive; therefore, basic and diluted losses per share are the same.