v3.26.1
INCOME/(LOSS) PER COMMON SHARE (Tables)
12 Months Ended
Mar. 31, 2026
Net Income/(Loss) per share  
SCHEDULE OF INCOME/(LOSS) PER COMMON SHARE

 

For the Year Ended March 31,

 

2026

 

 

2025

 

 

Numerator:

 

 

 

 

 

 

 

Net loss from continuing operations

 

$

(4,945,592

)

 

$

(65,221,463

)

 

Less: Preferred stock dividends

 

 

(3,053,993

)

 

 

(3,105,036

)

 

Net loss before discontinued operations, net of tax

 

 

(7,999,585

)

 

 

(68,326,499

)

 

Net income (loss) from discontinued operations, net of tax

 

 

1,407,951

 

 

 

(65,612,137

)

 

Net loss attributable to common stockholders

 

$

(6,591,634

)

 

$

(133,938,636

)

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

Weighted average shares of common stock - Basic

 

 

117,095,850

 

 

 

117,642,232

 

 

Effect of dilutive common stock purchase warrants

 

 

-

 

 

 

-

 

 

Effect of dilutive equity incentive awards

 

 

-

 

 

 

-

 

 

 Weighted average shares of common stock - Diluted

 

 

117,095,850

 

 

 

117,642,232

 

 

 

 

 

 

 

 

 

 

Basic income (loss) per share attributable to common stockholders:

 

 

 

 

 

 

 

Continuing operations

 

$

(0.06

)

 

$

(0.58

)

 

Discontinued operations

 

$

0.01

 

 

$

(0.56

)

 

Total basic loss per share attributable to common stockholders

 

$

(0.05

)

 

$

(1.14

)

 

 

 

 

 

 

 

 

 

Diluted income (loss) per share attributable to common stockholders:

 

 

 

 

 

 

 

Continuing operations

 

$

(0.06

)

 

$

(0.58

)

 

Discontinued operations

 

$

0.01

 

 

$

(0.56

)

 

Total diluted loss per share attributable to common stockholders

 

$

(0.05

)

 

$

(1.14

)

 

SUMMARY OF NUMBER OF SHARES EXCLUDED FROM CALCULATION OF DILUTED NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

The following table presents the number of shares excluded from the calculation of diluted net loss per share attributable to common stockholders:

 

For the Year Ended March 31,

 

2026

 

 

2025

 

 

Common stock options

 

 

400,000

 

 

 

275,000

 

 

Non-vested stock awards

 

 

555,000

 

 

 

215,196

 

 

Warrants

 

 

20,100,000

 

 

 

1,721,256

 

 

Total shares excluded from diluted net loss per share

 

 

21,055,000

 

 

 

2,211,452