2022

2021

Net (loss) income

$

(83,776,020)

$

7,394,374

Basic weighted average common shares outstanding

80,122,526

76,272,853

Net effect of dilutive instruments:

Stock options

—

7,151,070

Stock appreciation rights

—

44,291

Common stock purchase warrants

—

334,206

Total net effect of dilutive instruments

—

7,529,567

Diluted weighted average common shares outstanding

80,122,526

83,802,420

Net (loss) income per basic common share outstanding

$

(1.05)

$

0.10

Net (loss) income per diluted common share outstanding

$

(1.05)

$

0.09