v3.26.1
Income (Loss) Per Share
 3 Months Ended
Jun. 30, 2026
Income (Loss) Per Share [Abstract]  
Income (Loss) Per Share

13. Income (Loss) Per Share

 

Basic income (loss) per share is determined by dividing net loss attributable to common stockholders by the weighted average number of basic shares outstanding for the relevant period. The calculation of diluted income (loss) per share includes the dilutive effect of potential shares outstanding during the relevant period.

 

The following table summarizes the securities that are excluded from the diluted per share calculation because the effect of including these potential shares is anti-dilutive. This exclusion only applies to the three months ended June 30, 2025, since the Company recorded income during the three months ended June 30, 2026 and therefore the effect of these shares was no longer anti-dilutive.

 

    Three months
ended
June 30, 
2026		     Three months
ended
June 30, 
2025		  
Anti-dilutive securities not included in the calculation of diluted EPS (weighted average):            
Convertible debt     2,524,723       -  
Warrants     709,040       -  
Convertible series C preferred stock     112,738       -  
Stock options     202       -  
Common stock subscribed but unissued     44       -  
Non-vested RSUs outstanding     2,283,392       4,443,516  
Total     5,630,139       4,443,516  

 

The following table sets forth the computation of basic and diluted income (loss) per share for the three-month periods ending June 30, 2026 and 2025:

 

    Three months
ended
June 30,
2026		     Three months
ended
June 30,
2025		  
Weighted average # of common shares outstanding, basic     67,688,153       50,428,522  
Weighted average # of vested RSUs outstanding     6,309,082       -  
Weighted average # of common shares outstanding, basic and diluted     73,997,235       50,428,522  
                 
Net income  (loss) attributable to common stockholders   $ 3,795,674     $ (12,131,954 )
Net income (loss) per share, basic and diluted   $ 0.05     $ (0.24 )
Weighted average # of common shares outstanding, basic     73,997,235       50,428,522  
Effect of convertible debt     2,524,723       -  
Effect of warrants     709,040       -  
Effect of convertible series C preferred stock     112,738       -  
Effect of stock options     202       -  
Effect of common stock subscribed but unissued     44       -  
Effect of non-vested RSUs outstanding     2,283,392       -  
Weighted-average shares outstanding – diluted     79,627,374       50,428,522  
Net income (loss) attributable to common stockholders   $ 3,975,674     $ (12,131,954 )
Income (loss) per share, diluted   $ 0.06     $ (0.24 )