| NET LOSS PER SHARE |
Note
4 NET LOSS PER SHARE
The
following table sets forth the calculation of basic and diluted loss per share for the periods presented based on the weighted average
number of shares of the Company’s Class A Common Stock outstanding during the three months ended March 31, 2026 and 2025:
SCHEDULE OF BASIC AND DILUTED NET LOSS AVAILABLE TO COMMON STOCKHOLDERS PER SHARE
| | |
Three
Months Ended
March 31, 2026 | | |
Three
Months Ended
March 31, 2025 | |
| Net loss attributable
to FOXO | |
$ | (1,451,973 | ) | |
$ | (616,458 | ) |
| Deemed
dividends from the issuances of preferred stock and triggers of down round provisions and extension of Assumed Warrants | |
| - | | |
| (172,125 | ) |
| Net loss to common stockholders | |
| (1,451,973 | ) | |
| (788,583 | ) |
| Preferred
stock dividends – undeclared | |
| (284,772 | ) | |
| (314,909 | ) |
| Net loss to common stockholders,
net of preferred stock dividends – undeclared | |
$ | (1,736,745 | ) | |
$ | (1,103,492 | ) |
| Basic and diluted weighted
average number of shares of Class A Common Stock | |
| 3,112,449,040 | | |
| 1,506,959 | |
| Basic and diluted net loss
per share available to Class A Common Stock | |
$ | (0.00 | ) | |
$ | (0.73 | ) |
The
following Class A common stock equivalents of the Company have been excluded from the computation of diluted net loss per common share
as the effect would be antidilutive and reduce the net loss per common stock.
SCHEDULE
OF COMPUTATION OF DILUTED NET LOSS PER COMMON SHARE AS EFFECT ANTIDILUTIVE AND REDUCE NET LOSS PER COMMON STOCK
| | |
March
31,
2026 | | |
March
31,
2025 | |
| Preferred stock | |
| 283,099,833,120 | | |
| 11,773,688 | |
| Public and private warrants | |
| 52,155 | | |
| 52,155 | |
| Convertible notes payable | |
| 19,671,200,000 | | |
| 1,239,417 | |
| Vector Warrants | |
| 386,847,195 | | |
| - | |
| Stock options | |
| - | | |
| 5,264 | |
| Total
antidilutive shares | |
| 303,157,932,470 | | |
| 13,070,524 | |
At
March 31, 2026, in addition to the common stock equivalents listed in the table above, the Company has agreed to issue: (i) an aggregate
of 21,985 shares of its Class A Common Stock under the terms of outstanding notes payable, which are discussed in Note 9, and (ii) 233,743
shares of its common stock for finder’s fees, which are discussed in Notes 9 and 12.
|