Quarterly report pursuant to Section 13 or 15(d)

Net Earnings (Loss) per Common Share (Tables)

v3.23.3
Net Earnings (Loss) per Common Share (Tables)
9 Months Ended
Sep. 30, 2023
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 (loss) per common share is presented below.
Three Months Ended September 30,
Nine Months Ended September 30,
2023 2022 2023 2022
Basic and dilutive earnings (loss) per common share:
Net income (loss) attributable to Blade Air Mobility, Inc. $ 289  $ (9,245) $ (22,135) $ (11,845)
Less: Undistributed earnings allocated to nonvested restricted stockholders (22) —  —  — 
Basic net earnings (loss) available to common stockholders 267  (9,245) (22,135) (11,845)
Add: Undistributed earnings allocated to nonvested restricted stockholders 22  —  —  — 
Less: Reallocation of undistributed loss to nonvested restricted stockholders (20) —  —  — 
Diluted net earnings (loss) available to common stockholders 269  $ (9,245) $ (22,135) $ (11,845)
Total weighted-average basic common shares outstanding 74,139,422  71,466,085  73,108,263  71,099,764 
Effect of dilutive securities:
Stock options 6,867,437  —  —  — 
Total effect of dilutive securities 6,867,437  —  —  — 
Total weighted-average diluted common shares outstanding 81,006,859  71,466,085  73,108,263  71,099,764 
Net (loss) earnings per common share:
Basic earnings (loss) per common share $ —  $ (0.13) $ (0.30) $ (0.17)
Dilutive earnings (loss) per common share $ —  $ (0.13) $ (0.30) $ (0.17)
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 (loss) per common share for the three and nine months ended September 30, 2023 and 2022 because the effect of their inclusion would be anti-dilutive:
Three Months Ended September 30,
Nine Months Ended September 30,
2023 2022 2023 2022
Warrants to purchase shares of common stock 14,166,644  14,166,644  14,166,644  14,166,644 
Options to purchase shares of common stock —  7,634,533  7,255,851  7,634,533 
Restricted shares of common stock
5,278,448  2,353,017  6,108,798  2,353,017 
Total potentially dilutive securities 19,445,092  24,154,194  27,531,293  24,154,194