Annual report pursuant to Section 13 and 15(d)

NET LOSS PER SHARE (Tables)

v3.23.1
NET LOSS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Summary of Earnings per Shares, basic and diluted
Presented in the table below is a reconciliation of the numerator and denominator for the basic and diluted earnings per share (“EPS”) calculations for the periods ended:
(In thousands, USD) December 31, 2022 December 31, 2021
Numerator:
Net loss attributable to the Company $ (106,200) $ (24,776)
Less cumulative earnings to preferred shareholder —  (22,822)
Add premium on preferred conversion to common shares —  4,074 
Net income (loss) attributable to common stockholders $ (106,200) $ (43,524)
Denominator:
Weighted average common shares and warrants outstanding
Basic (in number) 75,710,904  41,933,050 
Diluted (in number) 75,710,904  41,933,050 
Net loss per unit attributable to common stockholder
Basic $ (1.40) $ (1.04)
Diluted $ (1.40) $ (1.04)
Summary of Diluted Shares Outstanding
The following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive:

(number of shares) 		December 31,
2022		 December 31,
2021
Restricted stock grants with only service conditions 3,552,416  — 
Common stock issued under the Backstop Agreement 9,600,031  9,600,031 
Private Placement Warrants
272,779  272,779 
Series C Convertible Preferred Stock —  2,566,186 
Stock Options —  432,500