v3.26.1
Net Income (loss) per share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Income (loss) per share

Note 21. Net Income (loss) per share

 

Basic net income (loss) per share is computed by dividing net income (loss) applicable to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted net income (loss) per share reflects the potential dilution of securities that could share in the earnings of an entity using the treasury method or the if-converted method, if applicable. The calculation of diluted net income (loss) per share gives effect to common share equivalents; however, potential common shares are excluded if their effect is anti-dilutive. Share-based options, warrants, and convertible notes are considered common share equivalents and are only included in the calculation of diluted earnings per common share when net income is reported and their effect is dilutive.

 

The following securities were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive:

 

  ● Stock options and RSUs: 1,139,093 shares
     
  ● Warrants: 6,891,805 shares
     
  ● Convertible notes: 14,281,632 shares

 

A reconciliation of the numerators and denominators is as follows:

  

   2026   2025   2026   2025 
   For the Three Months Ended   For the Six Months Ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
Numerator:                
Net loss attributable to common shareholders  $(428,302,926)  $(2,576,406)  $(448,218,692)  $(4,008,986)
Denominator:                    
Basic and diluted weighted average number of common shares outstanding   18,755,220    9,703,042    16,370,481    9,703,042 
Basic and diluted net loss per common share outstanding  $(22.84)  $(0.27)  $(27.38)  $(0.41)