| Schedule of Earnings (Loss) Per Share |
The
following is a reconciliation of the numerator and denominator used to calculate basic earnings (loss) per share and diluted earnings
(loss) per share for the three and six months ended June 30, 2025 and 2024:
Schedule of Earnings (Loss) Per Share
| | |
| | |
| | |
| | |
| |
| | |
Three Months Ended | | |
Six Months Ended | |
| | |
June 30,
2025 | | |
June 30,
2024 | | |
June 30,
2025 | | |
June 30,
2024 | |
| Basic earnings (loss): | |
| | | |
| | | |
| | | |
| | |
| Net (loss) income | |
$ | (1,152 | ) | |
$ | 2,953 | | |
$ | (4,738 | ) | |
$ | 19,727 | |
| Diluted earnings (loss): | |
| | | |
| | | |
| | | |
| | |
| Net (loss) income | |
$ | (1,152 | ) | |
$ | 2,953 | | |
$ | (4,738 | ) | |
$ | 19,727 | |
| Chang in fair value of derivative liability | |
| - | | |
| (647 | ) | |
| - | | |
| (590 | ) |
| Interest expense from Convertible Notes | |
| - | | |
| 112 | | |
| - | | |
| 215 | |
| Adjusted net (loss) income | |
$ | (1,152 | ) | |
$ | 2,418 | | |
$ | (4,738 | ) | |
$ | 19,352 | |
| | |
| | | |
| | | |
| | | |
| | |
| Weighted average number of shares-basic * | |
| 8,412,955 | | |
| 6,964,255 | | |
| 8,039,954 | | |
| 6,527,751 | |
| Potentially dilutive shares | |
| - | | |
| 848,702 | | |
| - | | |
| 848,703 | |
| Weighted average number of shares-Diluted | |
| 8,412,955 | | |
| 7,812,957 | | |
| 8,039,954 | | |
| 7,376,454 | |
| Earnings per share | |
| | | |
| | | |
| | | |
| | |
| Basic | |
$ | (0.14 | ) | |
$ | 0.42 | | |
$ | (0.59 | ) | |
$ | 3.02 | |
| Diluted | |
$ | (0.14 | ) | |
$ | 0.31 | | |
$ | (0.59 | ) | |
$ | 2.62 | |
| * | The shares are presented on a retrospective base to reflect the Company’s reverse stock
split effected on July 31, 2025. |
|