| LOSS PER SHARE |
13.
LOSS PER SHARE
The
net loss per common share amounts were determined as follows:
SCHEDULE OF NET INCOME (LOSS) PER COMMON SHARE
| | |
2026 | | |
2025 | |
| | |
For
the Year Ended | |
| | |
February 28, | | |
February 28, | |
| | |
2026 | | |
2025 | |
| Numerator: | |
| | | |
| | |
| Net loss available to common shareholders | |
$ | (14,510,251 | ) | |
$ | (18,935,592 | ) |
| | |
| | | |
| | |
| Effect of common stock equivalents | |
| | | |
| | |
| Less redemption dividend
to Series F and Series B preferred shareholders | |
| (114,561 | ) | |
| (423,476 | ) |
| Net loss adjusted for common stock equivalents | |
| (14,624,812 | ) | |
| (19,358,968 | ) |
| | |
| | | |
| | |
| Denominator: | |
| | | |
| | |
| Weighted average shares - basic | |
| 202,908,578 | | |
| 116,476,733 | |
| | |
| | | |
| | |
| Net loss per share – basic | |
$ | (0.07 | ) | |
$ | (0.16 | ) |
| | |
| | | |
| | |
| Denominator: | |
| | | |
| | |
| Weighted average shares – diluted | |
| 202,908,578 | | |
| 116,476,733 | |
| | |
| | | |
| | |
| Net loss per share – diluted | |
$ | (0.07 | ) | |
$ | (0.16 | ) |
The
anti-dilutive shares of common stock equivalents for the years ended February 28, 2026 and February 28, 2025 were as follows:
SCHEDULE OF ANTI-DILUTIVE SHARES OF COMMON STOCK EQUIVALENTS
| | |
2026 | | |
2025 | |
| | |
For
the Year Ended | |
| | |
February 28, | | |
February 28, | |
| | |
2026 | | |
2025 | |
| Convertible Series F Preferred
Shares | |
| 924,161,175 | | |
| 497,229,655 | |
| Convertible Series C Preferred Shares | |
| 22,830,847 | | |
| 1,718,308 | |
| Convertible and exchangeable debt | |
| 1,095,380,027 | | |
| — | |
| Stock options and warrants | |
| 2,202,121 | | |
| 2,294,996 | |
| Total | |
| 2,044,574,170 | | |
| 501,242,959 | |
ARTIFICIAL
INTELLIGENCE TECHNOLOGY SOLUTIONS INC.
NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS
|