Net Income (Loss) per Share
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Net Income (Loss) per Share
Note Q – Net Income (Loss) per Share
The numerators and denominators of the basic and diluted net income (loss) per share were computed for the periods presented as follows:
Three Months Ended Six Months Ended
  June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021
Net income (loss)
$ (77,028) $ (15,901) $ (94,321) $ (23,575)
Weighted average shares outstanding – basic and diluted
62,992,454  37,200,000  62,842,495  37,200,000 
Basic and diluted net income (loss) per share
$ (1.22) $ (0.43) $ (1.50) $ (0.63)
Because the Company had a net loss for all periods presented, the Company did not have any dilutive securities and/or other contracts that could, potentially, be exercised or converted into shares of common stock and then share in the earnings of the Company. As a result, diluted net income (loss) per share is the same as basic net income (loss) per share for the periods presented. For the three and six months ended June 30, 2022, potentially diluted shares consisted of warrants, stock options, and restricted stock units that were not included in the computation of diluted EPS because to do so would have been antidilutive for the period. See Note O and Note P for further information of the Company’s warrants and equity-based compensation awards, respectively.