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Earnings Per Share
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

8. Earnings Per Share

 

Basic net income (loss) per common share is calculated by dividing the net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration for potentially dilutive securities. Diluted net income (loss) per share is computed by dividing the net income (loss) attributable to common stockholders by the weighted average number of common shares and potentially dilutive securities outstanding for the period. For the Company’s diluted earnings per share calculation, the Company uses the “if-converted” method for preferred stock and convertible debt and the “treasury stock” method for Warrants and Options.

 

The following tables set forth the potentially dilutive shares that were anti-dilutive in their respective periods as the Company had net losses in 2022 and 2021, respectively.

 

 

Dilution shares calculation 

For the year ended

December 31,

 
   2022   2021 
Series A Convertible Preferred Stock   328,925    328,925 
Series F 6.75% Convertible Preferred Stock   4,797,052     4,797,052 
Series I 10.25% Convertible Preferred Stock   546,256    320,657 
Limited Partnership Units   99,038     99,038 
Warrants   5,112,320     4,038,801 
Stock Options   -    - 
Total participating securities   10,883,591    9,584,473