v3.26.1
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2025
EARNINGS PER SHARE

NOTE 11—LOSS PER SHARE

 

Basic loss per share (EPS) is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution of common stock equivalent shares that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.

 

The dilutive common stock equivalent shares consist of preferred stock, stock options, warrants, restricted stock awards, and restricted stock units computed under the treasury stock method, using the average market price during the period.

 

The following table sets forth the computation of basic loss per share (in thousands, except share and per share data):

          
   Years Ended December 31, 
   2025   2024 
Numerator:        
Net loss:  $(4,905)  $(3,824)
Denominator:          
Weighted average shares of common stock – basic   12,619,512    10,402,508 
Loss per share:          
Basic  $(0.39)  $(0.37)
Diluted  $(0.39)  $(0.37)

 

 

The following table represents the weighted average number of anti-dilutive instruments excluded from the computation of diluted loss per share:

          
   Years Ended
December 31,		 
   2025   2024 
Anti-dilutive instruments excluded from computation of diluted net loss per share:        
         
Preferred Stock   144,444    144,444 
           
Stock Options   -    221,000 
           
Warrants   1,555,207    4,628,586 
           
Stock purchase plan   -    - 
           
Convertible note   652,174    956,527 
           
Restricted Stock Units and Restricted Stock Awards   1,624,392    2,020,396 

 
Open World Ltd. [Member]  
EARNINGS PER SHARE

14. EARNINGS PER SHARE

 

Basic earnings per share is computed by dividing net income by the weighted-average number of ordinary shares outstanding during the period. Diluted earnings per share reflects the potential dilution from the assumed exercise or conversion of instruments into ordinary shares, if dilutive.

 

          
(in USD, except share data)  2025   2024 
Net (loss) income   (20,229,064)   25,046,569 
Weighted-average shares outstanding — basic   107,042    102,346 
Effect of dilutive instruments:          
– Simple agreements for future equity (SAFEs)   -    12,337 
Weighted-average shares outstanding — diluted   107,042    114,683 
Earnings per share:          
Basic   (189)   245 
Diluted   (189)   218 

 

Diluted loss per share for 2025 excludes the effect of 14,009 SAFEs (2024 - 12,337) due to the net loss for the year as the effect would be anti-dilutive.