| Earnings Per Share |
NOTE 14. EARNINGS PER SHARE The following is a reconciliation for the calculation of basic and diluted earnings per share for the three and nine months ended September 30, 2021 and 2020:
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For the Three Months Ended
September 30, |
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For the Nine Months Ended
September 30, |
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$ |
18,616 |
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$ |
17,415 |
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$ |
89,574 |
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$ |
59,958 |
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Weighted average number of common shares outstanding |
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128,146,298 |
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112,039,640 |
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122,983,729 |
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111,824,816 |
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Dilutive effect of warrants and options outstanding |
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8,762,968 |
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5,909,584 |
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7,943,354 |
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4,173,888 |
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Diluted weighted average number of common shares outstanding |
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136,909,266 |
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117,949,224 |
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130,927,083 |
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115,998,704 |
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$ |
0.15 |
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$ |
0.16 |
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$ |
0.73 |
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$ |
0.54 |
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Diluted earnings per share |
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$ |
0.14 |
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$ |
0.15 |
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$ |
0.68 |
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$ |
0.52 |
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The following is a reconciliation for the calculation of basic and diluted earnings per share for the years ended December 31, 2020, 2019 and 2018:
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$ |
62,999 |
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$ |
53,094 |
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$ |
10,893 |
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Weighted average number of common shares outstanding |
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113,572,379 |
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110,206,103 |
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101,697,002 |
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Dilutive effect of warrants and options outstanding |
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4,753,345 |
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5,111,839 |
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1,504,125 |
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Diluted weighted average number of common shares outstanding |
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118,325,724 |
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115,317,942 |
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103,201,127 |
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$ |
0.55 |
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$ |
0.48 |
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$ |
0.11 |
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Diluted earnings per share |
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$ |
0.53 |
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$ |
0.46 |
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$ |
0.11 |
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