Quarterly report pursuant to Section 13 or 15(d)

Basis of presentation, summary of significant accounting policies and recent accounting pronouncements (Tables)

v3.21.1
Basis of presentation, summary of significant accounting policies and recent accounting pronouncements (Tables)
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Schedule of Reconciliation of Numerator and Denominator

The following is a reconciliation of the numerator and denominator of the diluted net income (loss) per share computations for the periods presented below (in thousands except for share and per share amounts):

Three Months Ended March 31,

2021

2020

Basic and diluted income (loss) per share:

Net income (loss)

$

7,530

$

(4,277

)

 

Basic weighted average number of shares outstanding

83,163,400

28,585,915

 

Add:

-

Options to purchase common stock

10,788

-

 

Unvested restricted stock awards

530,623

-

Warrants to purchase common stock

4,712

-

Convertible Series B preferred shares

2,628

-

Diluted weighted average number of shares outstanding

83,712,151

28,585,915

 

Basic net income (loss) per share

$

0.09

$

(0.15

)

 

Diluted net income (loss) per share

$

0.09

$

(0.15

)

Schedule of Antidilutive Securities

Securities that could potentially dilute income (loss) per share in the future were not included in the computation of diluted income (loss) per share at March 31, 2020 because their inclusion would be anti-dilutive are as follows:

March 31, 2020

Options to purchase common stock

12,000

Unvested restricted stock awards

1,445,024

Warrants to purchase common stock

3,554,257

Convertible Series B preferred shares

4,199

Total

5,015,480