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NOTE N - EARNINGS PER SHARE
The computation of basic and diluted earnings per share (“EPS”) is based on the weighted average number of common shares outstanding during each period.
The following table provides a reconciliation of the computation for basic and diluted earnings per share as follows:
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|
|
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|
|
|
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|
|
|
|
Year ended December 31, |
|
|
2024 |
|
2023 |
|
2022 |
Net income (loss) |
|
$ |
5,851 |
|
$ |
(5,563) |
|
$ |
43,861 |
Less: change in FV of warrants |
|
|
- |
|
|
(2,270) |
|
|
- |
Income (loss) attributable to common stockholders for EPS |
|
$ |
5,851 |
|
$ |
(7,833) |
|
$ |
43,861 |
|
|
|
|
|
|
|
|
|
|
Weighted-average number of shares outstanding - basic |
|
|
53,113,508 |
|
|
51,291,424 |
|
|
51,568,436 |
Additional shares from assumed exercise of warrants |
|
|
- |
|
|
166,397 |
|
|
141 |
Additional shares from assumed stock-settled restricted stock units |
|
|
245,577 |
|
|
- |
|
|
1,577,062 |
Weighted-average number of shares outstanding - diluted |
|
|
53,359,085 |
|
|
51,457,821 |
|
|
53,145,639 |
|
|
|
|
|
|
|
|
|
|
Earnings (loss) per share - basic: |
|
$ |
0.11 |
|
$ |
(0.11) |
|
$ |
0.85 |
Earnings (loss) per share - diluted: |
|
$ |
0.11 |
|
$ |
(0.15) |
|
$ |
0.83 |
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|
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|
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|
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Anti-dilutive shares/units excluded from earnings per share - diluted: |
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|
|
|
|
|
|
|
|
Additional shares from assumed exercise of Private Warrants |
|
|
- |
|
|
- |
|
|
212,540 |
Additional shares from assumed stock-settled restricted stock units |
|
|
- |
|
|
192,687 |
|
|
- |
|