| EARNINGS PER SHARE |
NOTE M - 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 computation of basic and diluted earnings per share are impacted by dividends for preferred stockholders.
The following table provides a reconciliation of the computation for basic earnings per share for the years ended December 31:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2020
|
|
2019
|
|
2018
|
|
Income from continuing operations
|
|
$
|
8,482,513
|
|
$
|
15,499,138
|
|
$
|
26,725,449
|
|
Income from discontinued operations
|
|
|
—
|
|
|
—
|
|
|
21,260,340
|
|
Net income
|
|
|
8,482,513
|
|
|
15,499,138
|
|
|
47,985,789
|
|
Income attributable to noncontrolling interest
|
|
|
—
|
|
|
—
|
|
|
39,132,578
|
|
Income attributable to AerSale Corporation
|
|
|
8,482,513
|
|
|
15,499,138
|
|
|
8,853,211
|
|
Dividends attributable to preferred stockholders
|
|
|
—
|
|
|
(34,632,836)
|
|
|
(33,577,536)
|
|
Income (loss) attributable to common shareholders for EPS
|
|
$
|
8,482,513
|
|
$
|
(19,133,698)
|
|
$
|
(24,724,325)
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average number of shares outstanding - basic
|
|
|
1,048,196
|
|
|
37,010
|
|
|
37,010
|
|
Additional shares from assumed exercise of warrants and contingently issuable shares
|
|
|
67,167
|
|
|
—
|
|
|
—
|
|
Weighted-average number of shares outstanding - diluted
|
|
|
1,115,363
|
|
|
37,010
|
|
|
37,010
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) per share - basic
|
|
|
|
|
|
|
|
|
|
|
Income (loss) per share from continuing operations
|
|
$
|
8.09
|
|
$
|
(516.98)
|
|
$
|
(185.14)
|
|
Loss per share from discontinued operations and noncontrolling interest
|
|
|
—
|
|
|
—
|
|
|
(482.90)
|
|
Income (loss) per share
|
|
|
8.09
|
|
|
(516.98)
|
|
|
(668.04)
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) per share - diluted
|
|
|
|
|
|
|
|
|
|
|
Income (loss) per share from continuing operations
|
|
|
7.61
|
|
|
(516.98)
|
|
|
(185.14)
|
|
Loss per share from discontinued operations and noncontrolling interest
|
|
|
—
|
|
|
—
|
|
|
(482.90)
|
|
Income (loss) per share
|
|
$
|
7.61
|
|
$
|
(516.98)
|
|
$
|
(668.04)
|
|