NOTE
11 — LOSS PER SHARE
Basic
loss per share (“EPS”) is computed by dividing net loss including deemed dividends by the weighted-average number of common
shares outstanding plus unexercised pre-funded warrants. Diluted EPS is computed based on the sum of the weighted-average number of common
shares and potentially dilutive common shares outstanding during the period. Potentially dilutive common shares consist of shares issuable
from preferred stock, convertible debt, stock options and warrants.
SCHEDULE OF DILUTIVE SECURITIES EXCLUDED FROM DILUTED NET LOSS PER SHARE
| | |
2026 | | |
2025 | |
| | |
For the Three Months Ended
March 31, | |
| | |
2026 | | |
2025 | |
| Net loss used for basic earnings per share | |
$ | (6,079,016 | ) | |
$ | (2,646,172 | ) |
| Basic weighted-average common shares outstanding | |
| 7,704,597 | | |
| 1,456,714 | |
| Dilutive potential shares issuable from preferred stock, convertible debt, stock options and warrants | |
| — | | |
| — | |
| Diluted weighted-average common shares outstanding | |
| 7,704,597 | | |
| 1,456,714 | |
These
potentially dilutive securities have been excluded from diluted net loss per share as of March 31, 2026 and 2025 because their effect
would be anti-dilutive:
SCHEDULE OF POTENTIALLY DILUTIVE SECURITIES
| | |
2026 | | |
2025 | |
| | |
As of March 31, | |
| | |
2026 | | |
2025 | |
| Shares of common stock subject to outstanding options | |
| - | | |
| 1,570 | |
| Shares of common stock subject to outstanding warrants (excluding pre-funded warrants) | |
| 528,371 | | |
| 89,681 | |
| Shares of common stock subject to outstanding preferred stock | |
| 2,976,848 | | |
| 1,659,615 | |
| Total common stock equivalents | |
| 3,505,219 | | |
| 1,750,866 | |
|