| EARNINGS (LOSS) PER SHARE |
NOTE
8 EARNINGS (LOSS) PER SHARE
Basic
earnings per share (“EPS”) is computed by dividing reported earnings available to stockholders by the weighted average shares
outstanding. We had net losses for the three months ended June 30, 2026 and 2025 and the effect of including dilutive securities in the
earnings per common share would have been anti-dilutive for the purpose of calculating EPS. Accordingly, all options, warrants, and shares
potentially convertible into common shares were excluded from the calculation of diluted earnings per share for the periods ended June
30, 2026 and 2025.
SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED
| | |
For the three
months ended
June 30, 2026 | | |
For the three
months ended
June 30, 2025 | | |
For the six
months ended
June 30, 2026 | | |
For the six
months ended
June 30, 2025 | |
| | |
| | |
| | |
| | |
| |
| Basic EPS | |
| | | |
| | | |
| | | |
| | |
| Net Loss | |
$ | (793,469 | ) | |
$ | (564,249 | ) | |
$ | (1,326,300 | ) | |
$ | (1,357,921 | ) |
| Weighted Average Shares | |
| 11,822,360 | | |
| 2,837,226 | | |
$ | 10,413,088 | | |
| 2,822,729 | |
| Basic Loss Per Share | |
$ | (0.07 | ) | |
$ | (0.20 | ) | |
$ | (0.13 | ) | |
$ | (0.48 | ) |
For
the six months ended June 30, 2026 and 2025, the calculations of basic and diluted loss per share are the same because potential dilutive
securities would have had an anti-dilutive effect. The potentially dilutive securities consisted of the following:
SCHEDULE OF BASIC AND DILUTED LOSS PER SHARES SECURITIES
| | |
June 30, 2026 | | |
June 30, 2025 | |
| Warrants | |
| 12,866,641 | | |
| 1,863,069 | |
| Options | |
| 730,892 | | |
| 214,819 | |
| Total | |
| 13,597,533 | | |
| 2,077,888 | |
|