Net Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Numerators and Denominators Used in Calculation of Basic and Diluted Earnings Per Share

($ in thousands)	Three months ended September 30,						Nine months ended September 30,
	2022			2021			2022			2021
Basic and diluted:
Net income (loss) from continuing operations	$	10,255		$	(4,393	)	$	955		$	(4,065	)
Gain attributable to noncontrolling interests		–			(569	)		–			(1,235	)
Dividends declared on Series A Preferred Shares		(447	)		(448	)		(1,342	)		(1,245	)
Income (loss) attributable to FG Financial Group, Inc. common shareholders from continuing operations		9,808			(5,410	)		(387	)		(6,545	)
Weighted average common shares		9,333,709			5,032,615			7,564,017			5,012,139
Income (loss) per common share from continuing operations	$	1.05		$	(1.08	)	$	(0.05	)	$	(1.31	)
Gain from sale of former insurance business	$	–		$	–			–		$	145
Weighted average common shares outstanding		9,333,709			5,032,615			7,564,017			5,012,139
Income per common share from discontinued operations	$	–		$	–		$	–		$	0.03

Schedule of Potentially Dilutive Securities Excluded from Calculation

The following potentially dilutive securities outstanding as of September 30, 2022 and 2021 have been excluded from the computation of diluted weighted-average shares outstanding as their effect would be anti-dilutive.

	As of September 30,
	2022		2021
Warrants to purchase common stock		–		1,500,000
Options to purchase common stock		130,000		130,000
Restricted Shares		25,000		-
Restricted stock units		272,815		85,325
		427,815		1,715,325