Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.21.1
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted The following table presents the reconciliation of net (loss) income used in computing diluted net (loss) income per share of common stock:
Three Months Ended March 31,
2021 2020
Net (loss) income $ (120,506,771) $ 4,756,691 
Interest on convertible notes 2,000,000  — 
Change in fair value of convertible notes (15,500,000) — 
Adjusted net (loss) income $ (134,006,771) $ 4,756,691 
The following table presents the reconciliation of basic to diluted weighted average shares used in computing net (loss) income per share of common stock:
Three Months Ended March 31,
2021 2020
Weighted average shares outstanding, basic 122,633,856  68,465,759 
Stock-based awards and warrants —  15,303,061 
Convertible notes 5,667,328  — 
Weighted average shares outstanding, diluted 128,301,184  83,768,820 

The following table presents the potentially dilutive shares that were excluded from the computation of diluted net (loss) income per share of common stock, because their effect was anti-dilutive:

Three Months Ended March 31,
2021 2020
Stock-based awards and warrants 3,929,451  5,066,931 
Convertible notes —  14,137,319