Net (Loss) Income Per Share |
3 Months Ended |
|---|---|
Dec. 31, 2021 | |
| Net (Loss) Income Per Share (Abstract) | |
| Net (Loss) Income Per Share | Note 14 – Net (Loss) Income Per Share Basic net (loss) income per common share is computed by dividing net (loss) income by the weighted average number of common shares outstanding for the period. Diluted net (loss) income per share is computed by dividing net (loss) income by the weighted average number of common shares outstanding during the period after giving effect to all dilutive potential common shares that were outstanding during the period. Dilutive potential common shares consist of the incremental common shares issuable upon the exercise of stock options, stock appreciation rights and common stock purchase warrants as determined under the treasury stock method. The following table provides a reconciliation of the net (loss) income per basic and diluted common share outstanding: Three Months Ended December 31, 2021 2020 Net (loss) income$ (6,380,006) $ 17,227,701 Basic weighted average common shares outstanding 80,023,168 70,313,589Net effect of dilutive instruments: Stock options — 4,421,341Stock appreciation rights — 38,527Common stock purchase warrants — 1,025,580Total net effect of dilutive instruments — 5,485,448Diluted weighted average common shares outstanding 80,023,168 75,799,037Net (loss) income per basic common share outstanding$(0.08) $0.25Net (loss) income per diluted common share outstanding$(0.08) $0.23 For the three months ended December 31, 2020, approximately 1.4 million potentially dilutive instruments were excluded from the computation of net income per diluted weighted average common share outstanding because their effect would have been antidilutive. Due to our net loss for the three months ended December 31, 2021, all potentially dilutive instruments were excluded because their inclusion would have been anti-dilutive. See Notes 9 and 10 for a discussion of our potentially dilutive instruments. |