| EARNINGS (LOSS) PER SHARE |
NOTE
21—EARNINGS (LOSS) PER SHARE
The
following table presents the reconciliation of net income (loss) attributable to common shareholders in computing basic net income (loss)
per share of common share:
| | |
Years Ended
December 31, | |
| | |
2025 | | |
2024 | |
| Net income (loss) attributable to common shareholders from continuing operations | |
$ | 66,405,574 | | |
$ | (106,813,939 | ) |
| Net income (loss) attributable to common shareholders from discontinued operations | |
| (921,772 | ) | |
| 6,553,177 | |
| Net income (loss) attributable to common shareholders | |
$ | 65,483,802 | | |
$ | (100,260,762 | ) |
| | |
| | | |
| | |
| Weighted-average common shares – basic | |
| 36,902,227 | | |
| 2,660,302 | |
| | |
| | | |
| | |
| Basic earnings (loss) per common share from continuing operations | |
$ | 1.80 | | |
$ | (40.15 | ) |
| Basic earnings (loss) per common share from discontinued operations | |
| (0.02 | ) | |
| 2.46 | |
| Basic earnings (loss) per common share attributable to common shareholders | |
$ | 1.78 | | |
$ | (37.69 | ) |
The
following table presents the reconciliation of net income (loss) attributable to common shareholders to net income used in computing
dilutive net income (loss) per share of common share:
| | |
Years Ended
December 31, | |
| | |
2025 | | |
2024 | |
| Net income (loss) attributable to common shareholders from continuing operations | |
$ | 66,418,074 | | |
$ | (106,813,939 | ) |
| Net income (loss) attributable to common shareholders from discontinued operations | |
| (921,772 | ) | |
| 6,553,177 | |
| Net income (loss) attributable to common shareholders | |
$ | 65,496,302 | | |
$ | (100,260,762 | ) |
| | |
| | | |
| | |
| Net loss adjustments attributable to common shareholders from continuing operations | |
| (73,642,988 | ) | |
| – | |
| Adjusted net income (loss) attributable to common shareholders | |
$ | (8,146,686 | ) | |
$ | (100,260,762 | ) |
| | |
| | | |
| | |
| Weighted-average common shares – basic | |
| 36,902,227 | | |
| 2,660,302 | |
| Effect on dilutive securities | |
| 931,003,819 | | |
| – | |
| Weighted-average common shares – dilutive | |
| 967,906,046 | | |
| 2,660,302 | |
| | |
| | | |
| | |
| Dilutive loss per common share from continuing operations | |
$ | (0.01 | ) | |
$ | (40.15 | ) |
| Dilutive earnings (loss) per common share from discontinued operations | |
| (0.00 | ) | |
| 2.46 | |
| Dilutive loss per common share attributable to common shareholders | |
$ | (0.01 | ) | |
$ | (37.69 | ) |
For
the years ended December 31, 2025 and 2024, there were 636,783,430 and 230,277,102, respectively, potential common share equivalents
from warrants, convertible preferred shares, and convertible notes excluded from the diluted earnings per share calculations as their
effect is anti-dilutive.
|