| LOSS PER SHARE |
NOTE
16 – LOSS PER SHARE
The
Company uses the two class method to compute its basic loss per share (“Basic EPS”) and diluted loss per share (“Diluted
EPS”). The following table summarizes the computations of basic EPS and diluted EPS. The allocation of earnings between Class A
and Class B shares is based on their respective economic rights to the undistributed earnings of the Company. Basic EPS is computed as
net loss divided by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution
that could occur using the treasury stock and if-converted methods, as applicable. The following table provides a reconciliation of the
weighted average number of shares used in the calculation of Basic and Diluted EPS.
SCHEDULE
OF EARNINGS PER SHARE
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
For
the Three Months Ended
June 30, | | |
For the Six Months Ended
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Basic Loss Per Share: | |
| | |
| | |
| | |
| |
| Net loss attributable to Class A common stockholders | |
$ | (989,812 | ) | |
$ | (3,775,300 | ) | |
$ | (258,255 | ) | |
$ | (4,210,496 | ) |
| Net loss attributable to Class B common stockholders | |
| (2,050,937 | ) | |
| (12,787,124 | ) | |
| (647,788 | ) | |
| (14,297,937 | ) |
| Net income (loss) attributable to common stockholders | |
| (2,050,937 | ) | |
| (12,787,124 | ) | |
| (647,788 | ) | |
| (14,297,937 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Total net loss attributable to Snail Inc. | |
$ | (3,040,749 | ) | |
$ | (16,562,424 | ) | |
$ | (906,043 | ) | |
$ | (18,508,433 | ) |
| Class A weighted average shares outstanding - basic | |
| 2,774,897 | | |
| 1,697,559 | | |
| 2,292,247 | | |
| 1,693,192 | |
| Class B weighted average shares outstanding - basic | |
| 5,749,716 | | |
| 5,749,716 | | |
| 5,749,716 | | |
| 5,749,716 | |
| Class A and B basic loss per share | |
$ | (0.36 | ) | |
$ | (2.22 | ) | |
$ | (0.11 | ) | |
$ | (2.49 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Diluted Loss Per Share: | |
| | | |
| | | |
| | | |
| | |
| Net loss attributable to Class A common stockholders | |
$ | (989,812 | ) | |
$ | (3,775,300 | ) | |
$ | (258,255 | ) | |
$ | (4,210,496 | ) |
| Dilutive effects of convertible note warrants | |
| — | | |
| — | | |
| — | | |
| — | |
| Dilutive effect of equity line of credit warrants | |
| — | | |
| — | | |
| — | | |
| (5,918 | ) |
| Net loss attributable to Class A common stockholders | |
$ | (989,812 | ) | |
$ | (3,775,300 | ) | |
$ | (258,255 | ) | |
$ | (4,216,414 | ) |
| Net loss attributable to Class B common stockholders | |
$ | (2,050,937 | ) | |
$ | (12,787,124 | ) | |
$ | (647,788 | ) | |
$ | (14,297,937 | ) |
| Net income (loss) attributable to common stockholders, Basic | |
$ | (2,050,937 | ) | |
$ | (12,787,124 | ) | |
$ | (647,788 | ) | |
$ | (14,297,937 | ) |
| Dilutive effects of convertible note warrants | |
| — | | |
| — | | |
| — | | |
| — | |
| Dilutive effect of equity line of credit warrants | |
| — | | |
| — | | |
| — | | |
| (20,096 | ) |
| Net loss attributable to Class B common stockholders | |
$ | (2,050,937 | ) | |
$ | (12,787,124 | ) | |
$ | (647,788 | ) | |
$ | (14,318,033 | ) |
| Net income (loss) attributable to common stockholders, Diluted | |
$ | (2,050,937 | ) | |
$ | (12,787,124 | ) | |
$ | (647,788 | ) | |
$ | (14,318,033 | ) |
| Class A weighted average shares outstanding – basic | |
$ | 2,774,897 | | |
$ | 1,697,559 | | |
$ | 2,292,247 | | |
$ | 1,693,192 | |
| Dilutive effects of convertible note warrants | |
| — | | |
| — | | |
| — | | |
| — | |
| Dilutive effect of equity line of credit warrants | |
| — | | |
| — | | |
| — | | |
| 315 | |
| Class A weighted average shares outstanding - diluted | |
$ | 2,774,897 | | |
$ | 1,697,559 | | |
$ | 2,292,247 | | |
$ | 1,693,507 | |
| Class B weighted average shares outstanding - basic | |
| 5,749,716 | | |
| 5,749,716 | | |
| 5,749,716 | | |
| 5,749,716 | |
| Weighted average shares outstanding - basic | |
| 5,749,716 | | |
| 5,749,716 | | |
| 5,749,716 | | |
| 5,749,716 | |
| Dilutive effects of common stock equivalents | |
| — | | |
| — | | |
| — | | |
| — | |
| Dilutive effects of common stock equivalents, shares | |
| — | | |
| — | | |
| — | | |
| — | |
| Class B weighted average shares outstanding - diluted | |
| 5,749,716 | | |
| 5,749,716 | | |
| 5,749,716 | | |
| 5,749,716 | |
| Weighted average shares outstanding - diluted | |
| 5,749,716 | | |
| 5,749,716 | | |
| 5,749,716 | | |
| 5,749,716 | |
| Diluted loss per Class A share | |
$ | (0.36 | ) | |
$ | (2.22 | ) | |
$ | (0.11 | ) | |
$ | (2.49 | ) |
| Diluted loss per Class B share | |
$ | (0.36 | ) | |
$ | (2.22 | ) | |
$ | (0.11 | ) | |
$ | (2.49 | ) |
| Diluted earnings (loss) per share | |
$ | (0.36 | ) | |
$ | (2.22 | ) | |
$ | (0.11 | ) | |
$ | (2.49 | ) |
Snail
Inc. and Subsidiaries
Notes
to Condensed Consolidated Financial Statements
The
following table provides a listing of shares excluded from the calculation of Diluted EPS due to their anti-dilutive effects:
SCHEDULE OF ANTI-DILUTIVE SHARES AND SECURITIES
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | | |
Method | |
| | |
For the Three Months
Ended June 30, | | |
For the Six Months
Ended June 30, | | |
| |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | | |
Method | |
| Excluded Shares: | |
| | |
| | |
| | |
| | |
| |
| Restricted stock units outstanding | |
| 264,688 | | |
| 252,138 | | |
| 264,688 | | |
| 252,138 | | |
| Treasury | |
| Equity line of credit warrants | |
| 66,863 | | |
| 66,863 | | |
| 66,863 | | |
| — | | |
| Treasury | |
| Underwriters warrants | |
| — | | |
| 24,000 | | |
| — | | |
| 24,000 | | |
| Treasury | |
| Convertible notes | |
| 116,996 | | |
| 336,784 | | |
| 396,948 | | |
| 336,784 | | |
| If-Converted | |
| Convertible notes warrants | |
| — | | |
| 243,237 | | |
| — | | |
| 243,237 | | |
| Treasury | |
| Antidilutive securities | |
| — | | |
| 243,237 | | |
| — | | |
| 243,237 | | |
| Treasury | |
Snail
Inc. and Subsidiaries
Notes
to Condensed Consolidated Financial Statements
|