EARNINGS (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

Note 16 - EARNINGS (LOSS) PER SHARE

Earnings (Loss) per Common Share

The following table sets forth the information needed to compute basic and diluted (loss) earnings per share for the years ended December 31, 2022 and December 31, 2021:

	December 31, 2022			December 31, 2021
Basic (Loss) Earnings per common share:
Net (Loss) Income available to common shareholders	$	(39,571	)	$	4,338
Weighted average number of common shares-basic		38,565,307			35,579,137
(Loss) Earnings per share, basic	$	(1.03	)	$	0.12
Diluted (Loss) earnings per common share:
Net (Loss) Income available to common shareholders	$	(39,571	)	$	4,338
Weighted average number of common shares-basic		38,565,307			35,579,137
Dilutive effect related to stock options		-			2,163,200
Weighted average diluted shares outstanding		38,565,307			37,742,337
(Loss) Earnings per share, diluted	$	(1.03	)	$	0.11

DRAGONFLY ENERGY HOLDINGS CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2022 AND 2021

(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)

The following table sets forth the number of potential shares of common stock that have been excluded from diluted net income per share net (loss) income per share because their effect was anti-dilutive:

	December 31, 2022		December 31, 2021
Warrants		16,708,414		-
Restricted stock units		180,000		-
Options		3,642,958		-
Weighted average number of common shares-basic		20,531,372		-