Loss Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

LOSS PER SHARE

NOTE 9 – LOSS PER SHARE

The Atlas Business Combination was structured as a reverse capitalization by which the Company issued stock for the net assets of Atlas Intermediate accompanied by a recapitalization. Earnings per share is calculated for the Company only for periods after the Atlas Business Combination due to the reverse recapitalization.

(Loss) per share was calculated as follows:

	Three Months Ended June 30, 2020			Closing Date Through June 30, 2020
Numerator:
Net income (loss) post Atlas Business Combination	$	2,245		$	(277	)
Provision for non-controlling interest		1,881			5,141
Redeemable preferred stock dividends		(4,533	)		(6,777	)
Net (loss) attributable to Class A common shares - basic and diluted	$	(407	)	$	(1,913	)
Denominator:
Weighted average shares outstanding - basic and diluted		5,767,342			5,767,342
Net (loss) per Class A common share, basic and diluted	$	(0.07	)	$	(0.33	)

The Company had the following shares that were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive for the periods presented but could potentially dilute basic earnings per share in future periods:

	Three Months Ended June 30, 2020		Closing Date Through June 30, 2020
Warrants		20,000,000		20,000,000
Private placement warrants		3,750,000		3,750,000
Total		23,750,000		23,750,000