Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) per Share

Net Income (Loss) per Share
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Net Income (Loss) per Share Net Income (Loss) per Share
Prior to the Merger, the membership structure of Cosmos included units which had profit interests. As a result of the Merger, which was accounted for as a reverse recapitalization, the Company has retroactively adjusted the weighted average shares outstanding prior to the Merger to give effect to the exchange ratio used to determine the number of shares of common stock into which they were converted and is reflected in the denominator of basic and diluted net income (loss) per share in the table below.

The numerators and denominators of the basic and diluted net income (loss) per share were computed for the periods presented as follows:
  Year Ended December 31, 2021 Period from February 10, 2020 to December 31, 2020
Net income (loss)
$ (61,537) $ (14,374)
Weighted average shares outstanding – basic and diluted
45,082,544  37,200,000 
Basic and diluted net income (loss) per share
$ (1.36) $ (0.39)
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.