| INCOME/(LOSS) PER COMMON SHARE |
NOTE
4 – INCOME/(LOSS) PER COMMON SHARE
Basic
net loss per common share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during
the period. Diluted net loss per common share is computed by dividing net income by the weighted average number of shares of common stock
and potentially dilutive outstanding shares of common stock during the period to reflect the potential dilution that could occur from
common shares issuable through contingent share arrangements, stock options, and warrants. For the three and six months ended March 31,
2026, and 2025, the following items were excluded from the computation of diluted net loss per common share as their effect is anti-dilutive:
SCHEDULE OF COMPUTATION OF DILUTED NET LOSS PER COMMON SHARE AS ANTI-DILUTIVE EFFECT
| | |
March 31, 2026 | | |
March 31, 2025 | | |
March 31, 2026 | | |
March 31, 2025 | |
| | |
For the three months ended | | |
For the six months ended | |
| | |
March 31, 2026 | | |
March 31, 2025 | | |
March 31, 2026 | | |
March 31, 2025 | |
| | |
| | |
| | |
| | |
| |
| Options | |
| 7 | | |
| 7 | | |
| 7 | | |
| 7 | |
| Warrants | |
| 1,068,339 | | |
| 3,318,556 | | |
| 1,068,339 | | |
| 3,318,556 | |
| Anti-dilutive shares | |
| 1,068,339 | | |
| 3,318,556 | | |
| 1,068,339 | | |
| 3,318,556 | |
For
the three and six months ended March 31, 2026, and 2025, loss per share basic and diluted for continuing operations are calculated as
follows:
SCHEDULE OF LOSS PER SHARE BASIC AND DILUTED FOR CONTINUING OPERATIONS
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
For the three months ended | | |
For the six months ended | |
| | |
March 31, | | |
March 31, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Net income/(loss) | |
$ | 907,048 | | |
$ | 8,637,479 | | |
$ | (19,649,099 | ) | |
$ | (20,297,040 | ) |
| Less(loss)/income from discontinued operations, net of
tax | |
| (314,767 | ) | |
| 26,969 | | |
| (282,776 | ) | |
| (240,319 | ) |
| Less net loss in noncontrolling interest | |
| - | | |
| - | | |
| - | | |
| (180,152 | ) |
| Preferred stock dividends | |
| 46,918 | | |
| 21,949 | | |
| 46,918 | | |
| 21,949 | |
| Net income/(loss) applicable to common shareholders | |
| 1,174,983 | | |
| 8,588,561 | | |
| (19,413,241 | ) | |
| (19,898,158 | ) |
Weighted Average Number of Shares-Basic | |
| 9,946,752 | | |
| 118,972 | | |
| 6,247,421 | | |
| 92,450 | |
Weighted Average Number of Shares-Diluted | |
| 10,237,983 | | |
| 440,146 | | |
| 6,538,652 | | |
| 413,624 | |
Loss per share - Basic - Continuing Operations | |
$ | 0.12 | | |
$ | 72.19 | | |
$ | (3.11 | ) | |
$ | (215.24 | ) |
Loss per share - Diluted - Continuing Operations | |
$ | 0.11 | | |
$ | 19.51 | | |
$ | (2.97 | ) | |
$ | (48.11 | ) |
| Loss per share - Basic - Discontinued Operations | |
$ | (0.03 | ) | |
$ | 0.23 | | |
$ | (0.05 | ) | |
$ | (2.60 | ) |
| Loss per share - Diluted - Discontinued Operations | |
$ | (0.03 | ) | |
$ | 0.06 | | |
$ | (0.04 | ) | |
$ | (0.58 | ) |
In
accordance with ASC 260-45-13, the common shares underlying the Series A Warrants under the alternative cashless exercise have been included
in the calculation of the weighted average shares.
|