v3.26.1
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Earning Per Shares, Basic and Diluted

The schedule of loss per share, basic and diluted is as follows:

  

For The Three Months Ended June 30,  2026   2025 
Net loss  $(1,513,235)  $(930,715)
Deemed dividends   (981,146)   - 
Net loss attributable to common stockholders   (2,494,381)   (930,715)
Weighted average shares outstanding – basic and diluted   6,928,023    2,826,468 
Basic and diluted net loss per share  $(0.36)  $(0.33)

 

For The Six Months Ended June 30,  2026   2025 
Net loss  $(3,292,452)  $(1,757,914) 
Deemed dividends   (1,068,758)   - 
Net loss attributable to common stockholders   (4,361,210)   (1,757,914)
Weighted average shares outstanding – basic and diluted   5,647,674    2,806,841 
Basic and diluted net loss per share  $(0.77)  $(0.63)
Schedule of Share-based Equity Awards and Warrants Excluded from Computation of Earnings

   

   2026   2025   2026   2025 
  

Three Months Ended

June 30,

  

Six Months Ended

June 30,

 
   2026   2025   2026   2025 
Shares to be issued to Abaca shareholders   -    37,500    -    37,500 
Stock options   538,618    160,841    538,618    160,841 
Restricted stock   -    1,448    -    1,448 
Conversion of preferred stock   4,440    4,440    4,440    4,440 
Series B Convertible Preferred Stock(1)   41,744,615    -    41,744,615    - 
Warrants (1)   10,445,506    639,329    10,445,506    639,329 
Total   52,733,179    843,558    52,733,179    843,558 

 

(1)The number of shares attributable to the Series B Convertible Preferred Stock reflects the temporarily reduced $0.65 conversion and exercise price in effect during the Offer Period. This price reverted to $1.5528 on August 1, 2026, which reduced the number of as-converted shares reflected in future periods for the Series B Convertible Preferred Stock to 17,474,249.