| 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.
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For the Years Ended |
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December 31,
2022 |
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September 30,
2021 |
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October 1, 2021 - December 31, 2021 (Transition Period) |
| Basic and dilutive earnings (loss) per common share: |
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| Net income (loss) attributable to Blade Air Mobility, Inc. |
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$ |
(27,260) |
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$ |
(40,052) |
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$ |
772 |
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| Less: Undistributed earnings allocated to nonvested restricted stockholders |
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— |
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— |
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(17) |
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| Basic net earnings (loss) available to common stockholders |
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(27,260) |
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(40,052) |
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755 |
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| Add: Undistributed earnings allocated to nonvested restricted stockholders |
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— |
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— |
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17 |
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| Less: Reallocation of undistributed loss to nonvested restricted stockholders |
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— |
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— |
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(15) |
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| Diluted net earnings (loss) available to common stockholders |
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$ |
(27,260) |
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$ |
(40,052) |
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$ |
757 |
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| Total weighted-average basic common shares outstanding |
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71,238,103 |
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42,883,615 |
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69,759,411 |
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| Effect of dilutive securities: |
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| Stock options |
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— |
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— |
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7,925,482 |
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| Total effect of dilutive securities |
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— |
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— |
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7,925,482 |
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| Total weighted-average diluted common shares outstanding |
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71,238,103 |
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42,883,615 |
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77,684,893 |
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| Net (loss) earnings per common share: |
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| Basic earnings (loss) per common share |
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$ |
(0.38) |
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$ |
(0.93) |
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$ |
0.01 |
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| Dilutive earnings (loss) per common share |
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$ |
(0.38) |
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$ |
(0.93) |
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$ |
0.01 |
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| 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:
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For the Years Ended |
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December 31,
2022 |
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September 30,
2021 |
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October 1, 2021 - December 31, 2021 (Transition Period) |
| Warrants to purchase shares of common stock |
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14,166,644 |
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14,166,666 |
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14,166,666 |
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| Options to purchase shares of common stock |
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7,603,864 |
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8,978,185 |
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— |
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Restricted shares of common stock |
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7,466,636 |
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2,137,132 |
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30,328 |
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| Total potentially dilutive securities |
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29,237,144 |
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25,281,983 |
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14,196,994 |
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