v3.25.2
LOSS PER SHARE
6 Months Ended
Jun. 30, 2025
LOSS PER SHARE [Abstract]  
LOSS PER SHARE
NOTE 12 – LOSS PER SHARE

Basic loss per share is calculated by dividing net loss by the weighted average number of shares of stock outstanding during the period.   We computed diluted earnings per share of common stock based on the weighted average number of shares of stock outstanding plus potentially dilutive shares of stock outstanding during the period.  Potentially dilutive shares of stock from employee incentive plans are determined by applying the treasury stock method to the assumed vesting of outstanding RSUs, convertible notes and warrants.  There were no dilutive potential common shares for the periods ended June 30, 2025 and 2024 because we incurred a net loss and the potential dilutive shares are anti-dilutive.

Total common stock equivalents excluded from dilutive earnings/loss per share are as follows:

   
June 30, 2025
   
June 30, 2024
 
Convertible notes
   
28,799,996
     
-
 
Warrants
   
11,022,594
     
12,964,436
 
RSUs
   
2,036,893
     
-
 
Total common stock equivalents excluded from dilutive income/loss per share
   
41,859,483
     
12,964,436