|
The following table presents the calculation
of basic and fully diluted earnings per common share for the years ended December 31, 2025 and 2024:
| | |
Year ended December 31, | |
| | |
2025 | | |
2024 | |
| Numerator: | |
| | |
| |
| Net income (loss) after taxes | |
$ | 62,405,727 | | |
$ | (28,532,195 | ) |
Denominator: Weighted average number of common shares - basic | |
$ | 344,919,433 | | |
$ | 295,591,423 | |
| Weighted average effect of dilutive warrants* | |
$ | 18,845,738 | | |
$ | - | |
| Weighted average effect of dilutive options* | |
$ | 10,080,939 | | |
$ | - | |
| Weighted average effect of dilutive DSUs* | |
$ | 3,562,188 | | |
$ | - | |
| Weighted average effect of dilutive RSUs* | |
$ | 124,375 | | |
$ | - | |
| Weighted average number of common shares - diluted | |
$ | 377,532,673 | | |
$ | 295,591,423 | |
| | |
| | | |
| | |
| Basic earnings (loss) per share | |
$ | 0.18 | | |
$ | (0.10 | ) |
| Diluted earnings (loss) per share | |
$ | 0.17 | | |
$ | (0.10 | ) |
| * | Maximum dilution if all warrants, options and DSUs were exercised would be 55,862,159 |
|