EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2022

Basic EPS of common stock is computed by dividing the Company’s net earnings (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. The Company excludes the unvested RSUs awarded to its employees, officers, directors, and contractors under the LTIP from this net loss per share calculation because including them would be antidilutive.

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock for the three months ended March 31, 2022.



	Three Months Ended March 31, 2022
Numerator
Net Loss (1)	$	(32,306,416)
Less: net losses attributable to non-controlling interests	$	(18,897,638)
Net loss attributable to Class A common shareholders	$	(13,408,778)
Denominator
Weighted average shares of Class A common shares outstanding	20,206,103
Basic net loss per share	$	(0.66)

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(1)Basic and diluted earnings per share of Class A common stock is presented for the period from January 1, 2022 to March 31, 2022.

Securities that could potentially dilute losses per share in the future that were not included in the computation of diluted loss per share at March 31, 2022 because their inclusion would be anti-dilutive are as follows:


			March 31, 2022
Series A preferred units not yet exchanged for Common A shares			1,152,000
Class V common shares not yet exchanged for Class A common shares			27,057,600
Total			28,209,600