Three Months Ended

Nine Months Ended

June 30,

June 30,

2022

2021

2022

2021

Net (loss) income

$

(22,195,576)

$

(2,692,866)

$

(42,753,412)

$

11,688,854

Basic weighted average common shares outstanding

80,088,431

79,729,370

80,054,594

75,054,871

Net effect of dilutive instruments:

Stock options

—

—

—

7,208,123

Stock appreciation rights

—

—

—

44,379

Common stock purchase warrants

—

—

—

499,783

Total net effect of dilutive instruments

—

—

—

7,752,285

Diluted weighted average common shares outstanding

80,088,431

79,729,370

80,054,594

82,807,156

Net (loss) income per basic common share outstanding

$

(0.28)

$

(0.03)

$

(0.53)

$

0.16

Net (loss) income per diluted common share outstanding

$

(0.28)

$

(0.03)

$

(0.53)

$

0.14