Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

NOTE 16—EARNINGS (LOSS) PER SHARE

The computation of weighted average shares outstanding and the basic and diluted earnings (loss) per common share for the following periods consisted of the following (in thousands, except per share amounts):

	December 31,		December 31,
	2021		2020
Basic Earnings (Loss) Per Share
Net income (loss)	$	7,670	$	(21,568	)
Weighted average common shares outstanding		64,528,299		5,463,603
Basic earnings (loss) per share	$	0.12	$	(3.95	)
Dilutive Earnings (Loss) Per Share
Weighted average common shares outstanding		64,528,299		5,463,603
Effect on dilutive stock options and warrants		11,932,161		-
Total potential shares outstanding		76,460,460		5,463,603
Diluted earnings (loss) per share	$	0.10	$	(3.95	)

For the year ended December 31, 2021, 678,521 potential common shares equivalents from stock options and warrants were excluded from the diluted EPS calculations as their effect is anti-dilutive.

For the year ended December 31, 2020, 610,560 potential common shares equivalents from stock options and warrants were excluded from the diluted EPS calculations as their effect is anti-dilutive.