NET (LOSS) INCOME PER SHARE

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

NET (LOSS) INCOME PER SHARE

20. NET (LOSS) INCOME PER SHARE

Basic and diluted net income per common share for the nine months ended September 30, 2021 are calculated as follows:

	For the Nine Months Ended September 30, 2021
	Income			Shares		Per-Share
	(Numerator)			(Denominator)		Amount
Net income attributable to BitNile Holdings	$	1,346,000
Less: Preferred stock dividends		(13,000	)
Basic earnings per share
Net income available to common stockholders		1,333,000			49,714,000	$	0.03
Effect of dilutive securities
Restricted stock grants		—			431,000
Diluted earnings per share
Income available to common stockholders plus assumed conversions	$	1,333,000			50,145,000	$	0.03

Net loss per share is computed by dividing the net loss to common stockholders by the weighted average number of common shares outstanding. The calculation of the basic and diluted earnings per share is the same for all periods presented, excluding the nine months ended September 30, 2021, as the effect of the potential common stock equivalents is anti-dilutive due to the Company’s net loss position for all periods presented. Anti-dilutive securities, which are convertible into or exercisable for the Company’s common stock, consist of the following at September 30, 2022 and 2021:

	September 30,
	2022		2021
Stock options		6,396,000		4,761,000
Restricted stock grants		2,085,000		-
Warrants		18,493,000		5,936,000
Convertible notes		165,000		165,000
Convertible preferred stock		2,000		2,000
Total		27,141,000		10,864,000