| Schedule of Earnings Per Share Basic and Diluted |
Schedule
of Earnings Per Share Basic and Diluted
| | |
| Class
A | | |
| Class
B | | |
| Class
A | | |
| Class
B | |
| | |
Three
months ended June 30, | |
| | |
2026 | | |
2025 | |
| | |
| Class
A | | |
| Class
B | | |
| Class
A | | |
| Class
B | |
| Basic net loss per share: | |
| | | |
| | | |
| | | |
| | |
| Numerator: | |
| | | |
| | | |
| | | |
| | |
| Allocation
of net loss | |
$ | (16,528 | ) | |
$ | (267 | ) | |
$ | (7,932 | ) | |
$ | (340 | ) |
| Preferred
stock dividends | |
| (8 | ) | |
| — | | |
| — | | |
| — | |
| Net loss available to common
stockholders | |
$ | (16,536 | ) | |
$ | (267 | ) | |
$ | (7,932 | ) | |
$ | (340 | ) |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted-average shares
outstanding | |
| 12,439,568 | | |
| 200,491 | | |
| 4,678,039 | | |
| 200,491 | |
| Basic net loss per
share | |
$ | (1.33 | ) | |
$ | (1.33 | ) | |
$ | (1.70 | ) | |
$ | (1.70 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Diluted net loss per share: | |
| | | |
| | | |
| | | |
| | |
| Numerator: | |
| | | |
| | | |
| | | |
| | |
| Net loss available to common
stockholders | |
$ | (16,536 | ) | |
$ | (267 | ) | |
$ | (7,932 | ) | |
$ | (340 | ) |
| Reallocation
of net loss as a result of conversion of Class B to Class A Common Stock | |
| (267 | ) | |
| — | | |
| (340 | ) | |
| — | |
| Allocation of net loss | |
$ | (16,803 | ) | |
$ | (267 | ) | |
$ | (8,272 | ) | |
$ | (340 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Number of shares used in
basic earnings per share calculation | |
| 12,439,568 | | |
| 200,491 | | |
| 4,678,039 | | |
| 200,491 | |
| Conversion
of Class B to Class A Common Stock | |
| 200,491 | | |
| — | | |
| 200,491 | | |
| — | |
| Number of shares used
in per share computation | |
| 12,640,059 | | |
| 200,491 | | |
| 4,878,530 | | |
| 200,491 | |
| Diluted net loss per share | |
$ | (1.33 | ) | |
$ | (1.33 | ) | |
$ | (1.70 | ) | |
$ | (1.70 | ) |
| | |
| Class
A | | |
| Class
B | | |
| Class
A | | |
| Class
B | |
| | |
Nine
months ended June 30, | |
| | |
2026 | | |
2025 | |
| | |
| Class
A | | |
| Class
B | | |
| Class
A | | |
| Class
B | |
| Basic net loss per share: | |
| | | |
| | | |
| | | |
| | |
| Numerator: | |
| | | |
| | | |
| | | |
| | |
| Allocation
of net loss | |
$ | (32,094 | ) | |
$ | (679 | ) | |
$ | (28,944 | ) | |
$ | (1,458 | ) |
| Preferred
stock dividends | |
| (8 | ) | |
| — | | |
| — | | |
| — | |
| Net loss available to common
stockholders | |
$ | (32,102 | ) | |
| (679 | ) | |
$ | (28,944 | ) | |
$ | (1,458 | ) |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted-average shares
outstanding | |
| 9,483,444 | | |
| 200,491 | | |
| 4,043,700 | | |
| 203,741 | |
| Basic net loss per
share | |
$ | (3.39 | ) | |
$ | (3.39 | ) | |
$ | (7.16 | ) | |
$ | (7.16 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Diluted net loss per share: | |
| | | |
| | | |
| | | |
| | |
| Numerator: | |
| | | |
| | | |
| | | |
| | |
| Allocation of net loss | |
$ | (32,102 | ) | |
$ | (679 | ) | |
$ | (28,944 | ) | |
$ | (1,458 | ) |
| Reallocation
of net loss as a result of conversion of Class B to Class A Common Stock | |
| (679 | ) | |
| — | | |
| (1,458 | ) | |
| — | |
| Allocation of net loss | |
$ | (32,781 | ) | |
$ | (679 | ) | |
$ | (30,402 | ) | |
$ | (1,458 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Number of shares used in
basic earnings per share calculation | |
| 9,483,444 | | |
| 200,491 | | |
| 4,043,700 | | |
| 203,741 | |
| Conversion
of Class B to Class A Common Stock | |
| 200,491 | | |
| — | | |
| 203,741 | | |
| — | |
| Number of shares used
in per share computation | |
| 9,683,935 | | |
| 200,491 | | |
| 4,247,441 | | |
| 203,741 | |
| Diluted net loss per share | |
$ | (3.39 | ) | |
$ | (3.39 | ) | |
$ | (7.16 | ) | |
$ | (7.16 | ) |
|
| Schedule of Antidilutive Shares |
The
potential shares of Class A Common Stock that were excluded from the computation of diluted net loss per share for the periods presented
because including them would have an antidilutive effect were as follows:
Schedule
of Antidilutive Shares
| | |
2026 | | |
2025 | |
| | |
Nine
months ended June
30, | |
| | |
2026 | | |
2025 | |
| Warrants | |
| 2,555,074 | | |
| 2,107,840 | |
| Shares potentially issuable
upon conversion of preferred stock or exercise of warrants on preferred stock3 | |
| — | | |
| — | |
| Shares potentially issuable upon conversion of convertible notes payable
measured at fair value4 | |
| — | | |
| — | |
| Shares potentially issuable under earnout arrangements | |
| 350,000 | | |
| 414,281 | |
| RSAs | |
| 342,500 | | |
| 510,000 | |
| RSUs | |
| 506,120 | | |
| 620,414 | |
| Stock options | |
| 205,097 | | |
| 245,262 | |
| Total | |
| 3,958,791 | | |
| 3,897,797 | |
| 3 | The amounts issuable upon conversion of the preferred shares or the
exercise of the warrants for the preferred shares were not included here as of June 30, 2026, as the number of dilutive shares is not
determinable until conversion or exercise. Using the lowest eight day volume weighted average price of the Class A Common Shares on June
30, 2026, the Company estimates that approximately 6,367,975 shares would be issuable upon conversion of the preferred shares and exercise
of the warrants as of June 30, 2026. |
| 4 | The amounts issuable upon conversion of the convertible notes measured
at fair value were not included here as of June 30, 2026, as the number of dilutive shares is not determinable until conversion Using
the lowest eight-day volume weighted average price of the Class A Common Shares on June 30, 2026, the Company estimates that approximately
2,570,688 shares would be issuable upon conversion as of June 30, 2026. |
|