NET INCOME (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2026

Net income (loss) attributable to HeartCore Enterprises, Inc. per common share*

NET INCOME (LOSS) PER SHARE

NOTE 11 – NET INCOME (LOSS) PER SHARE

Basic net income (loss) per share is calculated on the basis of weighted average outstanding common shares. Diluted net income (loss) per share is calculated on the basis of basic weighted average outstanding common shares adjusted for the dilutive effect of stock options, RSUs and Series A convertible preferred shares. Potentially dilutive common shares are determined by applying the treasury stock method to the assumed conversion of share repurchase liability to common shares related to the early exercised stock options and unvested RSUs. Potentially dilutive common shares issuable upon conversion of the Series A convertible preferred shares are determined by applying the if-converted method. Potentially dilutive common shares are not included in the calculation of diluted net income (loss) per share if their effect would be anti-dilutive.

The computation of basic and diluted net income (loss) per share for the three and six months ended June 30, 2026 and 2025 is as follows:

		2026				2025				2026				2025
		For the Three Months Ended June 30,								For the Six Months Ended June 30,
		2026				2025				2026				2025
Net income (loss) from continuing operations attributable to HeartCore Enterprises, Inc. per common share – basic
Numerator
Net income (loss) from continuing operations attributable to HeartCore Enterprises, Inc. common shareholders		$	(1,585,415	)		$	205,416			$	(3,360,909	)		$	(2,750,458	)
Denominator
Weighted average number of common shares outstanding – basic			1,410,386				1,104,446				1,341,297				1,103,617
Net income (loss) from continuing operations attributable to HeartCore Enterprises, Inc. per common share – basic		$	(1.12	)		$	0.19			$	(2.51	)		$	(2.49	)

Net income (loss) from continuing operations attributable to HeartCore Enterprises, Inc. per common share – diluted
Numerator
Net income (loss) from continuing operations attributable to HeartCore Enterprises, Inc. common shareholders		$	(1,585,415	)		$	205,416			$	(3,360,909	)		$	(2,750,458	)
Add: dividends accrued on unconverted Series A convertible preferred shares			17,156				611				34,124				611
Less: changes in fair value of derivative liability, net of income tax			34,652				-				34,026				-
Net income (loss) from continuing operations attributable to HeartCore Enterprises, Inc. – diluted			(1,602,911	)			206,027				(3,360,811	)			(2,749,847	)
Denominator
Weighted average number of common shares outstanding – diluted			1,410,386				1,104,446				1,341,297				1,103,617
Net income (loss) from continuing operations attributable to HeartCore Enterprises, Inc. per common share – diluted		$	(1.12	)		$	0.19			$	(2.51	)		$	(2.49	)

		2026				2025				2026				2025
		For the Three Months Ended June 30,								For the Six Months Ended June 30,
		2026				2025				2026				2025
Income (loss) from discontinued operations attributable to HeartCore Enterprises, Inc. per common share – basic
Numerator
Income (loss) from discontinued operations attributable to HeartCore Enterprises, Inc.		$	(457,021	)		$	893,875			$	(581,202	)		$	762,757
Denominator
Weighted average number of common shares outstanding – basic			1,410,386				1,104,446				1,341,297				1,103,617
Income (loss) from discontinued operations attributable to HeartCore Enterprises, Inc. per common share – basic		$	(0.32	)		$	0.81			$	(0.43	)		$	0.69

Income (loss) from discontinued operations attributable to HeartCore Enterprises, Inc. per common share – diluted
Numerator
Income (loss) from discontinued operations attributable to HeartCore Enterprises, Inc.		$	(457,021	)		$	893,875			$	(581,202	)		$	762,757
Denominator
Weighted average number of common shares outstanding – basic			1,410,386				1,104,446				1,341,297				1,103,617
Dilutive effect of stock options, RSUs and Series A convertible preferred shares			-				2,571				-				1,628
Weighted average number of common shares outstanding – diluted			1,410,386				1,107,017				1,341,297				1,105,245
Income (loss) from discontinued operations attributable to HeartCore Enterprises, Inc. per common share – diluted		$	(0.32	)		$	0.81			$	(0.43	)		$	0.69

		2026				2025				2026				2025
		For the Three Months Ended June 30,								For the Six Months Ended June 30,
		2026				2025				2026				2025
Net income (loss) attributable to HeartCore Enterprises, Inc. per common share – basic
Numerator
Net income (loss) attributable to HeartCore Enterprises, Inc. common shareholders		$	(2,042,436	)		$	1,099,291			$	(3,942,111	)		$	(1,987,701	)
Denominator
Weighted average number of common shares outstanding – basic			1,410,386				1,104,446				1,341,297				1,103,617
Net income (loss) attributable to HeartCore Enterprises, Inc. per common share – basic		$	(1.45	)		$	1.00			$	(2.94	)		$	(1.80	)

Net income (loss) attributable to HeartCore Enterprises, Inc. per common share – diluted
Numerator
Net income (loss) attributable to HeartCore Enterprises, Inc. common shareholders		$	(2,042,436	)		$	1,099,291			$	(3,942,111	)		$	(1,987,701	)
Add: dividends accrued on unconverted Series A convertible preferred shares			17,156				611				34,124				611
Less: changes in fair value of derivative liability, net of income tax			34,652				-				34,026				-
Net income (loss) attributable to HeartCore Enterprises, Inc. – diluted			(2,059,932	)			1,099,902				(3,942,013	)			(1,987,090	)
Denominator
Weighted average number of common shares outstanding – basic			1,410,386				1,104,446				1,341,297				1,103,617
Dilutive effect of stock options, RSUs and Series A convertible preferred shares			-				2,571				-				-
Weighted average number of common shares outstanding – diluted			1,410,386				1,107,017				1,341,297				1,103,617
Net income (loss) attributable to HeartCore Enterprises, Inc. per common share – diluted		$	(1.45	)		$	0.99			$	(2.94	)		$	(1.80	)