| Schedule of Earnings Per Share |
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 | ) |
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| Schedule of Diluted Weighted-Average Shares Outstanding |
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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