Annual report pursuant to Section 13 and 15(d)

Earnings (Loss) per Share

v3.22.2.2
Earnings (Loss) per Share
12 Months Ended
Dec. 31, 2021
Earnings (Loss) per Share  
Earnings (Loss) per Share

Note 20: Earnings (Loss) per Share

Loss per Share – Successor Period

The following table provides the computation of net loss per share and weighted average shares of the Company’s common stock outstanding during the periods presented:

Successor

December 3, 2021

through December 31,

    

2021

Net Loss

$

(57,937,929)

Loss Attributable to Non-controlling Interest

 

(47,856,729)

Net Loss Attributable to Class A Common Stockholders - Basic and Diluted EPS

$

(10,081,200)

Weighted Average Class A Common Shares Outstanding - Basic and Diluted EPS

41,578,890

Loss per Share Attributable to Class A Common Shareholders - Basic and Diluted

$

(0.24)

The following table presents potentially dilutive securities excluded from the computation of diluted net loss per share for the periods presented because their effect would have been anti-dilutive. The liability-classified Public and Private Warrants are out of the money and thus have no impact on diluted EPS. Additionally, the Company considered the potential conversion of the 196,553,523 shares Class V common stock as potentially dilutive securities. However, net loss has already been allocated to the non-controlling interests in P3 LLC who hold all of the Class V common stock. Therefore, the inclusion of the Class V common stock on an if-converted basis would not impact the diluted EPS calculation and these shares have been excluded from the table below.

Successor

December 3, 2021

through December 31,

    

2021

Public Warrants

10,541,667

Private Warrants

277,500

Restricted Shares

5,471,400

Total

16,290,567