Three Months Ended

Six Months Ended

March 31,

March 31,

2022

2021

2022

2021

Net (loss) income

$

(14,177,830)

$

(2,845,981)

$

(20,557,836)

$

14,381,720

Basic weighted average common shares outstanding

80,052,504

75,175,077

80,037,675

72,717,621

Net effect of dilutive instruments:

Stock options

—

—

—

7,147,372

Stock appreciation rights

—

—

—

44,256

Common stock purchase warrants

—

—

—

744,821

Total net effect of dilutive instruments

—

—

—

7,936,449

Diluted weighted average common shares outstanding

80,052,504

75,175,077

80,037,675

80,654,070

Net (loss) income per basic common share outstanding

$

(0.18)

$

(0.04)

$

(0.26)

$

0.20

Net (loss) income per diluted common share outstanding

$

(0.18)

$

(0.04)

$

(0.26)

$

0.18