Sports Entertainment Gaming Global Corp Earnings Per Share Disclosure
| Year ended December 31, 2022 | ||||||||
| 2022 | 2021 | |||||||
| Comprehensive net loss attributable to stockholders | $ | (32,930,867 | ) | $ | (5,456,034 | ) | ||
| Weighted average common shares outstanding | ||||||||
| Basic and diluted | 46,832,919 | 22,888,700 | ||||||
| Net loss per common share | ||||||||
| Basic and diluted | $ | (0.70 | ) | $ | (0.24 | ) | ||
As of December 31, 2022, the Company excluded stock options, of restricted awards, of warrants, of earn out shares and of unit purchase options from the calculation of diluted net loss per share with the effect being anti-dilutive.
As of December 31, 2021, the Company excluded stock options, convertible debt into common shares, of restricted awards, of warrants, of earn out shares and of unit purchase options from the calculation of diluted net loss per share with the effect being anti-dilutive.
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.