v3.26.1
Loss Per Share
 3 Months Ended
Mar. 31, 2026
Loss per share [Abstract]  
Loss per share
13.Loss per share

 

Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding for the period. Diluted earnings per share is computed by dividing net income (loss) by the weighted average number of shares of common stock during the period, plus common stock equivalents, outstanding during the period. If the Corporation reports a net loss, the computation of diluted loss per share excludes the effect of dilutive common stock equivalents, as their effect would be anti-dilutive.

 

The following table sets forth the computation of basic and diluted loss per share attributable to common stockholders:

 

Three Months Ended March 31,  2026   2025 
Numerator        
Net loss for the period  $(4,652,345)  $(1,633,261)
Less: Net loss attributable to non-controlling interest   
-
    
-
 
Net loss attributable to common shareholders - basic and diluted  $(4,652,345)  $(1,633,261)
Denominator          
Weighted average shares used in computing net loss per share attributable to common shareholders - basic and diluted   69,636,328    34,966,831 
Net loss per share attributable to common shareholders - basic and diluted  $(0.07)   (0.05)

 

In periods with a reported net loss, the effect of stock options, warrants, unvested restricted stock units, are excluded and diluted loss per share is equal to basic loss per share. The following is a summary of the common stock equivalents for the securities outstanding during the respective periods that have been excluded from the computation of diluted net loss per common share:

 

Three Months Ended March 31,  2026   2025 
Liability-classified warrants outstanding   1,744,374    4,888,168 
Equity-classified warrants outstanding   
-
    5,696,427 
Stock options outstanding   3,050,130    687,121 
Unvested restricted share units   2,954,279    2,074,167 
    7,748,783    13,345,883