Civitas Resources(CIVI) - 2023 Q1 - Quarterly Report

The exercise price of the Company's warrants was in excess of the Company's stock price during the three months ended March 31, 2023 and 2022; therefore, they were excluded from the earnings per share calculation. NOTE 12 - INCOME TAXES Deferred tax assets and liabilities are measured by applying the provisions of enacted tax laws to determine the amount of taxes payable or refundable currently or in future years related to cumulative temporary differences between the tax basis of assets and liabilities and ...