Note
11. Net Earnings Per Share
Net
earnings per share is computed by dividing net income by the weighted average number of common shares and common share equivalents outstanding
during the periods presented. In calculating diluted earnings per share, those potential common shares that are found to be anti-dilutive
are excluded from the calculation. The table below provides a summary of the numerators and denominators used in determining basic and
diluted earnings per share for the three and six months ended June 30, 2026 and 2025 (in thousands, except per share amounts).
Schedule of Numerators and Denominators Used in Calculation of Basic and Diluted Earnings Per Share
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Basic and diluted: | |
| | | |
| | | |
| | | |
| | |
| Net (loss) income from continuing operations | |
$ | (10,247 | ) | |
$ | 4,440 | | |
$ | (13,346 | ) | |
$ | (4,191 | ) |
| (Premium) discount on repurchase of Series A Preferred Shares | |
| (28 | ) | |
| - | | |
| 12 | | |
| - | |
| Dividends declared on Series A Preferred Shares | |
| (325 | ) | |
| (447 | ) | |
| (695 | ) | |
| (894 | ) |
| (Loss) income attributable to FG Nexus common shareholders from continuing operations | |
$ | (10,600 | ) | |
$ | 3,993 | | |
$ | (14,029 | ) | |
$ | (5,085 | ) |
| Weighted average common shares outstanding (1) | |
| 6,079 | | |
| 256 | | |
| 6,354 | | |
| 255 | |
| (Loss) income per common share from continuing operations (1) | |
$ | (1.75 | ) | |
$ | 15.60 | | |
$ | (2.21 | ) | |
$ | (19.94 | ) |
| (1) |
|
Information
pertaining to the number of shares outstanding and per share data gives retroactive effect to a 1 for 5 reverse stock split that
became effective on February 13, 2026. |
The
following potentially dilutive securities outstanding as of June 30, 2026 and 2025 have been excluded from the computation of diluted
weighted-average shares outstanding as their effect would be anti-dilutive.
Schedule of Potentially Dilutive Securities Excluded from Calculation
| | |
2026 | | |
2025 | |
| | |
As of June 30, | |
| | |
2026 | | |
2025 | |
| Options to purchase common stock | |
| 3,200 | | |
| 5,298 | |
| Restricted stock units | |
| 72,611 | | |
| 6,870 | |
| Warrants | |
| 898,600 | | |
| 4,516 | |
|