v3.26.1
EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2026
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 21 – EARNINGS PER SHARE

 

Basic and diluted net loss per common share is calculated by dividing net loss by the weighted average number of common shares outstanding during the period. No exercise of outstanding stock options, warrants, or conversion of eligible debt and/or preferred stock is assumed as the effect of including such common share amounts would be anti-dilutive.

 

The following table summarizes the common share equivalents outstanding which have been excluded from the number of shares used in the calculation of basic and diluted loss per share for the three- and six-month periods ended June 30, 2026 and 2025:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Preferred stock - Series B

 

 

3,750,000

 

 

 

3,250,000

 

 

 

3,750,000

 

 

 

3,250,000

 

Warrants

 

 

5,440,000

 

 

 

2,270,000

 

 

 

5,440,000

 

 

 

2,270,000

 

Income from discontinued operations, net of tax

 

 

9,190,000

 

 

 

5,520,000

 

 

 

9,190,000

 

 

 

5,520,000