| Earnings Per Share [Text Block] |
NOTE 13 – NET LOSS PER SHARE
Earnings per share accounting requires the presentation of both basic and diluted earnings per share on the face of the statements of net loss. The Company calculates basic net loss per share based upon the weighted average number of common shares outstanding during the period, while the calculation of diluted earnings per share includes the dilutive effect of potential common shares outstanding during the period. The calculation of diluted earnings per share excludes all potential common shares, with the exception of pre-funded warrants, if their inclusion would have an anti-dilutive effect. A total of 9,972,424 pre-funded warrants is included in the computation of earnings per share because the exercise price of the pre-funded warrants is nominal and there are no conditions that must be satisfied prior to their exercise.
The following table presents the shares used in the basic and diluted loss per common share computations:
| |
|
Three Months Ended
June 30,
|
|
|
Six Months Ended
June 30,
|
|
| |
|
2026
|
|
|
2025
|
|
|
2026
|
|
|
2025
|
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (loss) from continuing operations
|
|
$ |
(17,205,882 |
) |
|
$ |
(1,978,896 |
) |
|
$ |
(24,914,825 |
) |
|
$ |
(4,264,311 |
) |
|
Net (loss) from discontinued operations
|
|
|
- |
|
|
|
(91,567 |
) |
|
|
- |
|
|
|
(249,024 |
) |
|
Net (loss) attributable to common stockholders
|
|
|
(17,205,882 |
) |
|
|
(2,070,462 |
) |
|
|
(24,914,825 |
) |
|
|
(4,513,335 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding - basic
|
|
|
19,685,811 |
|
|
|
9,108,984 |
|
|
|
17,167,696 |
|
|
|
8,136,008 |
|
|
Dilutive effect of stock options, warrants and preferred stock (1)
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Weighted average common shares outstanding - diluted
|
|
|
19,685,811 |
|
|
|
9,108,984 |
|
|
|
17,167,696 |
|
|
|
8,136,008 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (loss) from continuing operations attributable to common stockholders per common share – basic and diluted
|
|
|
(0.87 |
) |
|
|
(0.22 |
) |
|
|
(1.45 |
) |
|
|
(0.52 |
) |
|
Net (loss) from discontinued operations attributable to common stockholders per common share – basic and diluted
|
|
|
- |
|
|
|
(0.01 |
) |
|
|
- |
|
|
|
(0.03 |
) |
|
(Loss) per common share - basic and diluted
|
|
|
(0.87 |
) |
|
|
(0.23 |
) |
|
|
(1.45 |
) |
|
|
(0.55 |
) |
| |
(1)
|
The following is a summary of the number of underlying shares outstanding at the end of the respective periods that have been excluded from the diluted calculations because the effect on loss per common share would have been anti-dilutive:
|
| |
|
Three Months Ended
June 30,
|
|
|
Six Months Ended
June 30,
|
|
| |
|
2026
|
|
|
2025
|
|
|
2026
|
|
|
2025
|
|
|
Options
|
|
|
1,027,918 |
|
|
|
42,113 |
|
|
|
1,027,918 |
|
|
|
42,113 |
|
|
Warrants
|
|
|
1,617,043 |
|
|
|
940,412 |
|
|
|
1,617,043 |
|
|
|
940,412 |
|
|
Restricted stock units
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Preferred stock: Series B
|
|
|
2 |
|
|
|
2 |
|
|
|
2 |
|
|
|
2 |
|
|