Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) per Common Share (Tables)

v3.22.4
Net Income (Loss) per Common Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Reconciliation of Net Income and Common Stock Share Amounts Used in the Computation of Basic and Diluted Earnings Per Share
A reconciliation of net earnings (loss) and common stock share amounts used in the computation of basic and diluted earnings per share is presented below.
For the Years Ended
December 31,
2022
September 30,
2021
October 1, 2021 - December 31, 2021 (Transition Period)
Basic and dilutive earnings (loss) per common share:
Net income (loss) attributable to Blade Air Mobility, Inc. $ (27,260) $ (40,052) $ 772 
Less: Undistributed earnings allocated to nonvested restricted stockholders —  —  (17)
Basic net earnings (loss) available to common stockholders (27,260) (40,052) 755 
Add: Undistributed earnings allocated to nonvested restricted stockholders —  —  17 
Less: Reallocation of undistributed loss to nonvested restricted stockholders —  —  (15)
Diluted net earnings (loss) available to common stockholders $ (27,260) $ (40,052) $ 757 
Total weighted-average basic common shares outstanding 71,238,103  42,883,615  69,759,411 
Effect of dilutive securities:
Stock options —  —  7,925,482 
Total effect of dilutive securities —  —  7,925,482 
Total weighted-average diluted common shares outstanding 71,238,103  42,883,615  77,684,893 
Net (loss) earnings per common share:
Basic earnings (loss) per common share $ (0.38) $ (0.93) $ 0.01 
Dilutive earnings (loss) per common share $ (0.38) $ (0.93) $ 0.01 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share The following table represents common stock equivalents that were excluded from the computation of diluted earnings per share for the years ended December 31, 2022, September 30, 2021, and the transition period ended December 31, 2021, because the effect of their inclusion would be anti-dilutive:
For the Years Ended
December 31,
2022
September 30,
2021
October 1, 2021 - December 31, 2021 (Transition Period)
Warrants to purchase shares of common stock 14,166,644  14,166,666  14,166,666 
Options to purchase shares of common stock 7,603,864  8,978,185  — 
Restricted shares of common stock
7,466,636  2,137,132  30,328 
Total potentially dilutive securities 29,237,144  25,281,983  14,196,994