NET INCOME (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER SHARE

NOTE 18. NET INCOME (LOSS) PER SHARE

The calculation of the weighted average number of shares outstanding and loss per share outstanding for the years ended December 31, 2021 and 2020 are as follows:

	Year ended December 31,
	2021		2020
Numerator for basic and diluted income (loss) per share – Net income (loss)	$	25,474,508	$	(2,625,881	)
Denominator for basic loss per share – weighted average shares outstanding		50,222,289		21,603,635
Dilutive effect of shares issuable upon conversion of convertible debt and the exercise of stock options and warrants outstanding		—		—
Denominator for diluted loss per share – adjusted weighted average shares outstanding		50,222,289		21,603,635
Net income (loss) per share:
Basic	$	0.51	$	(0.12	)
Diluted	$	0.51	$	(0.12	)

Basic income (loss) per share is based upon the weighted average number of common shares outstanding during the period. For the years ended December 31, 2021 and 2020, all shares issuable upon conversion of convertible debt and the exercise of outstanding stock options and warrants were antidilutive, and, therefore, not included in the computation of diluted income (loss) per share.