Net Earnings (Loss) per Common Share (Tables)

9 Months Ended

Sep. 30, 2023

Reconciliation of Net Income and Common Stock Share Amounts Used in the Computation of Basic and Diluted Earnings Per Share

A reconciliation of net earnings (loss) and common stock share amounts used in the computation of basic and diluted earnings (loss) per common share is presented below.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022











Basic and dilutive earnings (loss) per common share:
Net income (loss) attributable to Blade Air Mobility, Inc.	$	289	$	(9,245)	$	(22,135)	$	(11,845)
Less: Undistributed earnings allocated to nonvested restricted stockholders	(22)		—		—		—
Basic net earnings (loss) available to common stockholders	267		(9,245)		(22,135)		(11,845)
Add: Undistributed earnings allocated to nonvested restricted stockholders	22		—		—		—
Less: Reallocation of undistributed loss to nonvested restricted stockholders	(20)		—		—		—
Diluted net earnings (loss) available to common stockholders	269		$	(9,245)	$	(22,135)	$	(11,845)

Total weighted-average basic common shares outstanding	74,139,422		71,466,085		73,108,263		71,099,764
Effect of dilutive securities:
Stock options	6,867,437		—		—		—
Total effect of dilutive securities	6,867,437		—		—		—
Total weighted-average diluted common shares outstanding	81,006,859		71,466,085		73,108,263		71,099,764

Net (loss) earnings per common share:
Basic earnings (loss) per common share	$	—	$	(0.13)	$	(0.30)	$	(0.17)
Dilutive earnings (loss) per common share	$	—	$	(0.13)	$	(0.30)	$	(0.17)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table represents common stock equivalents that were excluded from the computation of diluted earnings (loss) per common share for the three and nine months ended September 30, 2023 and 2022 because the effect of their inclusion would be anti-dilutive:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022


Warrants to purchase shares of common stock	14,166,644	14,166,644	14,166,644	14,166,644
Options to purchase shares of common stock	—	7,634,533	7,255,851	7,634,533
Restricted shares of common stock	5,278,448	2,353,017	6,108,798	2,353,017
Total potentially dilutive securities	19,445,092	24,154,194	27,531,293	24,154,194