| SCHEDULE OF CALCULATION OF EARNINGS PER SHARE |
The
following table sets forth the calculation of earnings per share, with no dividends declared yet, for the three and six months ended
June 30, 2026 and 2025, as presented in the accompanying Unaudited Condensed Consolidated Statements of Operations:
SCHEDULE OF CALCULATION OF EARNINGS PER SHARE
For
the Three Months Ended June 30, 2026
| | |
Class
B | | |
Common | |
| Basic and diluted net loss per share of common
stock | |
| | | |
| | |
| Numerator: | |
| | | |
| | |
| Allocation of net loss | |
$ | (91,278 | ) | |
$ | (17,795,676 | ) |
| Less : Series B preferred dividend | |
$ | (780 | ) | |
$ | (152,100 | ) |
| Net loss attributable to common stock holders
- basic | |
$ | (92,058 | ) | |
$ | (17,947,776 | ) |
| Denominator: | |
| | | |
| | |
| Basic and diluted weighted average shares outstanding | |
| 304,990 | | |
| 59,461,443 | |
| | |
| | | |
| | |
| Basic and diluted net loss per share of common
stock | |
$ | (0.30 | ) | |
$ | (0.30 | ) |
For
the Six Months Ended June 30, 2026
| | |
Class
B | | |
Common | |
| Basic and diluted net loss per share of common
stock | |
| | | |
| | |
| Numerator: | |
| | | |
| | |
| Allocation of net loss | |
$ | (180,030 | ) | |
$ | (31,463,269 | ) |
| Less : Series B preferred dividend | |
$ | (1,711 | ) | |
$ | (299,039 | ) |
| Net loss attributable to common stock holders
- basic | |
$ | (181,741 | ) | |
$ | (31,762,308 | ) |
| Denominator: | |
| | | |
| | |
| Basic and diluted weighted average shares outstanding | |
| 304,990 | | |
| 53,302,185 | |
| | |
| | | |
| | |
| Basic and diluted net loss per share of common
stock | |
$ | (0.60 | ) | |
$ | (0.60 | ) |
For
the Three Months Ended June 30, 2025
| | |
Class
B | | |
Common | |
| Basic and diluted net loss per share of common
stock | |
| | | |
| | |
| Numerator: | |
| | | |
| | |
| Allocation of net loss | |
$ | (112,759 | ) | |
$ | (11,270,724 | ) |
| Less : Series B preferred dividend | |
$ | (158 | ) | |
$ | (16,717 | ) |
| Net loss attributable to common stock holders
- basic | |
$ | (112,917 | ) | |
$ | (11,287,441 | ) |
| Denominator: | |
| | | |
| | |
| Basic and diluted weighted average shares outstanding | |
| 379,990 | | |
| 37,984,523 | |
| | |
| | | |
| | |
| Basic and diluted net loss per share of common
stock | |
$ | (0.30 | ) | |
$ | (0.30 | ) |
For
the Six Months Ended June 30, 2025
| | |
Class
B | | |
Common | |
| Basic and diluted net loss per share of common
stock | |
| | | |
| | |
| Numerator: | |
| | | |
| | |
| Allocation of net loss | |
$ | (291,676 | ) | |
$ | (29,155,537 | ) |
| Less : Series B preferred dividend | |
$ | (158 | ) | |
$ | (16,717 | ) |
| Net loss attributable to common stock holders
- basic | |
$ | (291,834 | ) | |
$ | (29,172,254 | ) |
| Denominator: | |
| | | |
| | |
| Basic and diluted weighted average shares outstanding | |
| 379,990 | | |
| 37,984,523 | |
| | |
| | | |
| | |
| Basic and diluted net loss per share of common
stock | |
$ | (0.77 | ) | |
$ | (0.77 | ) |
|