| Earnings (Loss) Per Share |
Note 11 — Earnings (Loss) Per Share Basic and diluted net loss per share is calculated by dividing net loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period. For periods in which the Company reports a net loss, potentially dilutive securities are excluded from the computation of diluted earnings per share, as their effect would be antidilutive. All share and per share amounts for the three months ended March 31, 2025 have been retroactively restated to reflect the 1-for-25 reverse stock split that became effective on February 9, 2026, in accordance with ASC 260-10-55-12. | | | Three Month Ended | | | Six Month Ended | | | | | June 30, | | | June 30, | | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | Numerator: | | | | | | | | | | | | | | Net loss from continuing operations | | $ | (8,032,496 | ) | | $ | - | | | $ | (10,382,069 | ) | | $ | (618,901 | ) | | Less: Net loss from continuing operations attributable to non-controlling interest | | | (84,097 | ) | | | - | | | | (160,207 | ) | | | - | | | Net loss from continuing operations attributable to Flash Sports & Media Holdings, Inc. | | | (7,948,399 | ) | | | - | | | | (10,221,862 | ) | | | (618,901 | ) | | Net loss on discontinued operations | | | - | | | | (6,204,144 | ) | | | (952,121 | ) | | | (9,619,155 | ) | | Net loss attributable to Flash Sports & Media Holdings, Inc. | | $ | (7,948,399 | ) | | $ | (6,204,144 | ) | | $ | (11,173,983 | ) | | $ | (10,238,056 | ) | | Denominator: | | | | | | | | | | | | | | | | | | Denominator for EPS – weighted average shares | | | | | | | | | | | | | | | | | | Basic | | | 8,763,066 | | | | 583,352 | | | | 4,768,135 | | | | 579,962 | | | Diluted | | | 8,763,066 | | | | 583,352 | | | | 4,768,135 | | | | 579,962 | | | Net loss per common share from continuing operations | | | | | | | | | | | | | | | | | | Basic | | $ | (0.91 | ) | | $ | - | | | $ | (2.14 | ) | | $ | (1.07 | ) | | Diluted | | $ | (0.91 | ) | | $ | - | | | $ | (2.14 | ) | | $ | (1.07 | ) | | Net income (loss) per common share from discontinued operations | | | | | | | | | | | | | | | | | | Basic | | $ | - | | | $ | (10.64 | ) | | $ | (0.20 | ) | | $ | (16.59 | ) | | Diluted | | $ | - | | | $ | (10.64 | ) | | $ | (0.20 | ) | | $ | (16.59 | ) | | Net income (loss) | | | | | | | | | | | | | | | | | | Basic | | $ | (0.91 | ) | | $ | (10.64 | ) | | $ | (2.34 | ) | | $ | (17.65 | ) | | Diluted | | $ | (0.91 | ) | | $ | (10.64 | ) | | $ | (2.34 | ) | | $ | (17.65 | ) | The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares outstanding because their inclusion would have been antidilutive: | | | Shares | | | Exchange
Ratio | | | June 30,
2026 | | | | | | | | | | | | | | Series B preferred stock | | | 2,720 | | | | 1000 | | | | 2,720,000 | | | Warrant | | | 366,166 | | | | 1 | | | | 366,166 | | | Convertible Note | | | 2,345,573 | | | | 1 | | | | 2,345,573 | | | Total potentially dilutive shares | | | | | | | | | | | 5,431,739 | |
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