NET INCOME (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER SHARE

16. NET INCOME (LOSS) PER SHARE

For the three months ended March 31, 2022, 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 the three months ended March 31, 2022, as the effect of the potential common stock equivalents is anti-dilutive due to the Company’s net loss position for the period. Anti-dilutive securities, which are convertible into or exercisable for the Company’s common stock, consist of the following at March 31, 2022:

	March 31, 2022
Stock options		6,396,000
Restricted stock grants		2,063,000
Warrants		20,015,000
Convertible notes		165,000
Convertible preferred stock		2,000
Total		28,641,000

Basic and diluted net income per common share for the three months ended March 31, 2021 were calculated as follows:

	For the Three Months Ended March 31, 2021
	Income			Shares		Per-Share
	(Numerator)			(Denominator)		Amount
Net income attributable to BitNile Holdings	$	4,966,000
Less: Preferred stock dividends		(4,000	)
Basic earnings per share
Net income available to common stockholders		4,962,000			39,256,000	$	0.13
Effect of dilutive securities
Stock options		-			505,000
8% convertible notes, related party		8,000			276,000
4% convertible notes		7,000			165,000
Diluted earnings per share
Income available to common stockholders plus assumed conversions	$	4,977,000			40,202,000	$	0.12