| EARNINGS (LOSS) PER SHARE |
14.
EARNINGS (LOSS) PER SHARE
The
net income (loss) per common share amounts were determined as follows:
SCHEDULE OF NET INCOME (LOSS) PER COMMON SHARE
| | |
May 31, 2026 | | |
May 31, 2025 | |
| | |
For the Three Months Ended | |
| | |
May 31, 2026 | | |
May 31, 2025 | |
| Numerator: | |
| | | |
| | |
| Net loss available to common shareholders | |
$ | (5,715,838 | ) | |
$ | (4,594,018 | ) |
| | |
| | | |
| | |
| Effect of common stock equivalents | |
| | | |
| | |
| Less: dividends to C preferred shareholders | |
| (110,860 | ) | |
| (12,073 | ) |
| Net loss adjusted for common stock equivalents | |
| (5,826,698 | ) | |
| (4,606,091 | ) |
| | |
| | | |
| | |
| Denominator: | |
| | | |
| | |
| Weighted average shares – basic | |
| 325,956,059 | | |
| 155,176,712 | |
| | |
| | | |
| | |
| Net loss per share – basic | |
$ | (0.02 | ) | |
$ | (0.03 | ) |
| | |
| | | |
| | |
| Denominator: | |
| | | |
| | |
| Weighted average shares – diluted | |
| 325,956,059 | | |
| 155,176,712 | |
| | |
| | | |
| | |
| Net loss per share – diluted | |
$ | (0.02 | ) | |
$ | (0.03 | ) |
ARTIFICIAL
INTELLIGENCE TECHNOLOGY SOLUTIONS INC.
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)
The
anti-dilutive shares of common stock equivalents for the three months ended May 31, 2026 and 2025 were as follows:
SCHEDULE OF ANTI-DILUTIVE SHARES OF COMMON STOCK EQUIVALENTS
| | |
May 31, 2026 | | |
May 31, 2025 | |
| | |
For the Three Months Ended | |
| | |
May 31, 2026 | | |
May 31, 2025 | |
| Convertible or exchangeable debt | |
| 3,173,350,733 | | |
| - | |
| Convertible Series F Preferred Shares | |
| 1,340,264,933 | | |
| 586,412,155 | |
| Convertible Redeemable Series C Preferred Shares | |
| 30,948,471 | | |
| 2,958,264 | |
| Stock options and warrants | |
| 2,202,121 | | |
| 2,261,775 | |
| Total | |
| 4,546,766,258 | | |
| 591,632,194 | |
|