EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2022

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 15 - EARNINGS PER SHARE

Weighted average number of common shares outstanding:

In Thousands of Shares
Description	2022		2021		2020
Issued common share at January 1		85,546		77,961		71,218
Effect of shares issued		3,837		4,015		2,605
Weighted average number of common shares outstanding at December 31		89,383		81,976		73,823

Diluted loss per share was the same amount as basic loss per share, as the effect of options and warrants would have been anti-dilutive because the Corporation incurred losses in each of the years presented. All outstanding options could potentially be dilutive in the future.