| Calculation of Basic and Diluted Earnings per Share |
The components of
the calculation of basic and diluted earnings per common share are as follows:
| |
|
Six months ended
June 30,
|
|
|
Six months ended
June 30,
|
|
| |
|
2024
|
|
|
2025
|
|
Net income / (loss), net of taxes
|
|
$
|
45,185,357
|
|
|
$ |
(17,008,587
|
)
|
|
Less: Net loss attributable to non-controlling interest in subsidiaries
|
|
|
—
|
|
|
|
3,191,062
|
|
|
Net income / (loss) attributable to Castor Maritime Inc.
|
|
$
|
45,185,357
|
|
|
$
|
(13,817,525
|
)
|
|
Less: Dividend on Series D Preferred Shares
|
|
|
(1,263,889 |
) |
|
|
(2,513,889 |
) |
|
Less: Deemed dividend on Series D Preferred Shares
|
|
|
(249,515
|
)
|
|
|
(1,451,187
|
)
|
|
Net income / (loss) available to common shareholders, basic
|
|
|
43,671,953
|
|
|
|
(17,782,601
|
)
|
|
Dividend on Series D Preferred Shares
|
|
|
1,263,889
|
|
|
|
2,513,889
|
|
|
Deemed dividend on Series D Preferred Shares
|
|
|
249,515
|
|
|
|
1,451,187
|
|
|
Net income / (loss) attributable to common shareholders, diluted
|
|
|
45,185,357
|
|
|
|
(13,817,525
|
)
|
| |
|
|
|
|
|
|
|
|
|
Weighted average number of common shares outstanding, basic
|
|
|
9,662,354
|
|
|
|
9,662,354
|
|
|
Effect of dilutive shares
|
|
|
11,735,052
|
|
|
|
—
|
|
|
Weighted average number of common shares outstanding, diluted
|
|
|
21,397,406
|
|
|
|
9,662,354
|
|
| |
|
|
|
|
|
|
|
|
Earnings / (loss) per common share, basic
|
|
$
|
4.52
|
|
|
$
|
(1.84
|
)
|
Earnings / (loss) per common share, diluted
|
|
$
|
2.11
|
|
|
$
|
(1.84
|
)
|
|