v3.25.1
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2024
Net income (loss) per common share  
EARNINGS PER SHARE

NOTE 16 — EARNINGS PER SHARE 

 

The components of basic and diluted Earnings Per Share (“EPS”) were as follows:

 

   2024   2023 
   Years ended 
   December 31, 
   2024   2023 
         
Basic Earnings (Loss) Per Share Numerator          
Net Income (Loss)  $1,229,601   $(2,097,013)
Income (Loss) Available to Common Stockholders   1,229,601    (2,097,013)
           
Diluted Earnings (Loss) Per Share Numerator          
Add back interest for subordinated convertible promissory note   286,667    286,667 
           
Income (Loss) Available to Common Stockholders on Converted Basis  $1,516,268   $(1,810,346)
           
Original Shares:          
Basic Weighted Average Shares Outstanding   14,968,215    14,782,442 
           
Dilutive Shares:          
Additions from Potential Events          
- Conversion of Subordinated Convertible Promissory Note   1,736,533    1,736,533 
- Conversion of Series A Convertible Preferred Stock   8,877,927    2,106,075 
- Conversion of Series B Convertible Preferred Stock   54,426,230    16,767,123 
- Conversion of Series C Convertible Preferred Stock   36,045    36,045 
- Exercise of Investor and Placement Agent Warrants   9,450,840    7,450,840 
Diluted Weighted Average Shares Outstanding:   89,495,790    42,879,058 
           
Earnings (loss) Per Share          
- Basic  $0.08   $(0.14)
- Diluted  $0.02   $(0.14)