Quarterly report pursuant to Section 13 or 15(d)

INCOME OR LOSS PER COMMON SHARE (Tables)

v3.22.2.2
INCOME OR LOSS PER COMMON SHARE (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
SCHEDULE OF INCOME PER SHARE

The following table summarizes the computation of basic and diluted net income per share for the three months ended June 30, 2021:

 

         
(in thousands, except share and per share data, restated)  

Three months ended

June 30, 2021

 
Basic net income per common share calculation:        
Net income attributable to common shareholders   $ 437  
Less: undistributed earnings to participating securities     (293 )
Net income attributable to common shareholders, basic   $ 144  
Weighted average common shares outstanding, basic     15,321,571  
Net income per common share, basic   $ 0.01  
Diluted net income per common share calculation:        
Net income attributable to common shareholders   $ 437  
Less: undistributed earnings to participating securities     (293 )
Net income attributable to common shareholders, diluted   $ 144  
Weighted average common shares outstanding, basic     15,321,571  
Warrants     1,959,054  
Weighted average common shares outstanding, diluted     17,280,625  
Net income per common share, diluted   $ 0.01