| SCHEDULE OF INCOME/(LOSS) PER COMMON SHARE |
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|
|
|
|
|
|
|
|
|
|
For the Year Ended March 31, |
|
|
2026 |
|
|
2025 |
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|
Numerator: |
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|
|
|
|
|
|
Net loss from continuing operations |
|
$ |
(4,945,592 |
) |
|
$ |
(65,221,463 |
) |
|
Less: Preferred stock dividends |
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|
(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 |
) |
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|
|
|
|
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Denominator: |
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Weighted average shares of common stock - Basic |
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|
117,095,850 |
|
|
|
117,642,232 |
|
|
Effect of dilutive common stock purchase warrants |
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|
- |
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|
|
- |
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|
Effect of dilutive equity incentive awards |
|
|
- |
|
|
|
- |
|
|
Weighted average shares of common stock - Diluted |
|
|
117,095,850 |
|
|
|
117,642,232 |
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|
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Basic income (loss) per share attributable to common stockholders: |
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|
|
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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 |
) |
|
|
|
|
|
|
|
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|
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:
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|
|
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|
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For the Year Ended March 31, |
|
|
2026 |
|
|
2025 |
|
|
Common stock options |
|
|
400,000 |
|
|
|
275,000 |
|
|
Non-vested stock awards |
|
|
555,000 |
|
|
|
215,196 |
|
|
Warrants |
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|
20,100,000 |
|
|
|
1,721,256 |
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|
Total shares excluded from diluted net loss per share |
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|
21,055,000 |
|
|
|
2,211,452 |
|
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|