BASIC AND DILUTED LOSS PER SHARE |
BASIC AND DILUTED LOSS PER SHARE Basic loss per share is calculated based on the weighted average number of common shares outstanding during the period. Diluted loss per share is based on the assumption that potential dilutive shares have been issued. The calculation of basic and diluted loss per share is as follows: | | | | | | | | | | | | | | | | Three months ended June 30, | Six months ended June 30, | | 2025 | 2024 | 2025 | 2024 | Net loss | $ | (30,215) | | $ | (41,005) | | $ | (71,420) | | $ | (60,705) | | | | | | | Basic and diluted weighted average shares outstanding | 608,167,841 | | 361,145,495 | | 520,243,077 | | 333,234,688 | | | | | | | | | | | | | | | | | Basic and diluted loss per share | $ | (0.05) | | $ | (0.11) | | $ | (0.14) | | $ | (0.18) | | | | | | |
Convertible Debentures and Convertible Loans of 71,703,563, stock options of 9,189,418, PSUs of 6,678,000 and warrants of 235,099,025 (Note 6 (i), Note 7 (ii)) were excluded from the computation of diluted weighted average shares outstanding for the three and six months ended June 30, 2025 as their effect would be anti-dilutive.
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