Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

LOSS PER SHARE

v3.22.2
LOSS PER SHARE
 6 Months Ended
Jun. 30, 2022
Disclosure of earnings per share [text block] [Abstract]  
LOSS PER SHARE
9. LOSS PER SHARE

 

Basic loss per share is calculated by dividing net loss by the weighted average number of common shares outstanding during the year. Fully diluted loss per share is calculated by adjusting the weighted average number of common shares outstanding to assume conversion of all potential dilutive securities to common shares.

 

The Company has stock options and awards as potentially dilutive securities. Fully diluted net loss per share excludes all potentially dilutive shares if their effect is anti-dilutive. As a result of net losses incurred, all potentially dilutive securities have been excluded from the calculation of fully diluted net loss per share because including them would be anti-dilutive; therefore, basic and fully diluted number of shares is the same for the three and six months ended June 30, 2022 and 2021.

 

  Three Months ended
June 30		   Six Months ended
June 30,
  2022 2021   2022 2021
Numerator:          
Net loss ($10,883) ($940)   ($20,104) ($15,734)
Denominator:          
Weighted average number of common shares outstanding for basic EPS  111,319,103  97,517,298    111,261,218  97,517,298
Adjustment for diluted securities1
 - 
 - 
  
 - 
 - 
Weighted average number of common shares outstanding for diluted EPS  111,319,103  97,517,298    111,261,218  97,517,298
           
Basic and fully diluted loss per share ($0.10) ($0.01)   ($0.18) ($0.16)

 

1 The following securities were exercisable and not included in the calculation of fully diluted loss per share:

 

Stock options  962,692  914,575    962,692  914,575
RSUs  1,201,761  167,860    1,201,761  167,860
Warrants Derivative  18,508,904  19,592,392    18,508,904  19,592,392
Warrants Equity  9,912,633  9,912,633    9,912,633  9,912,633
   30,585,990  30,587,460    30,585,990  30,587,460