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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Schedule of basic and diluted earnings per share

The following table sets forth the calculation of basic and diluted earnings per share:

 

 

 

For the years ended

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

December 31, 2019

 

Numerator:

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(27,139

)

 

$

32,857

 

 

$

561

 

Denominator:

 

 

 

 

 

 

 

 

 

Basic and diluted weighted average common shares

 

 

89,959,993

 

 

 

67,673,884

 

 

 

67,673,884

 

(Loss) earnings per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.30

)

 

$

0.49

 

 

$

0.01

 

Diluted

 

$

(0.30

)

 

$

0.49

 

 

$

0.01

 

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following outstanding shares of common stock equivalents were excluded from the calculation of diluted earnings per share due to the anti-dilutive effect such shares would have on net loss per common share.

 

 

 

For the years ended

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

December 31, 2019

 

Anti-dilutive securities excluded from calculation of
   diluted EPS:

 

 

 

 

 

 

 

 

 

Warrants

 

 

14,666,644

 

 

 

 

 

 

 

Stock options

 

 

1,386,974

 

 

 

 

 

 

 

Restricted stock units

 

 

656,485

 

 

 

 

 

 

 

Earn-out shares

 

 

2,187,500

 

 

 

 

 

 

 

Total anti-dilutive securities

 

 

18,897,603