v3.26.1
EARNINGS (LOSS) PER SHARE
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE

NOTE 15 — EARNINGS (LOSS) PER SHARE

 

For the three months ended June 30, 2026, potential common shares from outstanding stock options and warrants were excluded from diluted earnings per share because their exercise prices exceeded the average market price. No RSUs were outstanding.

 

For the six months ended June 30, 2026, potential common shares from outstanding stock options and warrants were excluded because their effect would have been anti-dilutive. No RSUs were outstanding.

 

For the three months ended June 30, 2025, 74,840 unvested RSUs were included in diluted weighted-average shares. For the six months ended June 30, 2025, potential common shares were excluded because the Company incurred a net loss.

 

The following table presents a reconciliation of basic and diluted net income per share:

 

   2026   2025   2026   2025 
   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
Net income attributable to the Company 

$

1,452,362   $77,679  

$

444,812   $(2,011,028)
Weighted average number of common shares outstanding – basic 

41,640,950    41,566,110    41,640,950    41,566,110 
                     
Dilutive securities – unvested RSU   -    74,840    -    - 
Weighted average number of common shares outstanding – diluted   41,640,950    41,640,950    41,640,950    41,566,110 
Earnings per share – basic 

$

0.03   $-  

$

0.01   $(0.05)
Earnings per share – diluted 

$

0.03   $-  

$

0.01   $(0.05)

 

 

MASSIMO GROUP AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)