| EARNINGS LOSS PER SHARE |
NOTE
12. EARNINGS LOSS PER SHARE
Basic
earnings per common share (“EPS”) applicable to common stockholders is computed by dividing earnings applicable to common
stockholders by the weighted-average number of common shares outstanding.
The
following calculates basic and diluted EPS:
SCHEDULE OF CALCULATIONS OF BASIC AND DILUTED EPS
| | |
2025 | | |
2024 | |
| | |
For
the Years Ended December 31, | |
| | |
2025 | | |
2024 | |
| Net loss | |
$ | (6,987,756 | ) | |
$ | (9,071,584 | ) |
| Deemed dividend | |
| - | | |
| - | |
| Net loss,
numerator, basic | |
| (6,987,756 | ) | |
| (9,071,584 | ) |
| Net loss, numerator, diluted | |
$ | (6,987,756 | ) | |
$ | (9,071,584 | ) |
| | |
| | | |
| | |
| Weighted average common shares, basic | |
| 5,451,940 | | |
| 1,007,020 | |
| Effect of weighted average vested stock
awards | |
| - | | |
| - | |
| Diluted weighted average shares outstanding | |
| 5,451,940 | | |
| 1,007,020 | |
| Basic
loss per common share: | |
$ | (1.28 | ) | |
$ | (9.01 | ) |
| Diluted
loss per common share: | |
$ | (1.28 | ) | |
$ | (9.01 | ) |
Additionally,
the following are considered anti-dilutive securities excluded from weighted-average shares used to calculate diluted net loss per common
share:
SCHEDULE OF DILUTIVE NET LOSS PER COMMON SHARE
| | |
2025 | | |
2024 | |
| | |
For
the years ended December 31, | |
| | |
2025 | | |
2024 | |
| Shares subject to outstanding common
stock options | |
| - | | |
| 16 | |
| Shares subject to outstanding Series A warrants | |
| 6,647 | | |
| 6,647 | |
| Shares subject to outstanding PAW | |
| 959 | | |
| 959 | |
| Shares subject to outstanding PA Warrants | |
| 3,096 | | |
| 3,096 | |
| Shares subject to unvested stock awards | |
| 132,747 | | |
| 52 | |
| Shares subject to Outstanding Series J Warrants | |
| 2,976,192 | | |
| - | |
| Shares subject to Outstanding Series J PAW’s | |
| 104,167 | | |
| - | |
|