The
following table summarizes the computation of basic and diluted net income per share for the three months ended June 30, 2021:
SCHEDULE OF INCOME PER SHARE
|
|
|
|
|
(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 |
|
|