| EARNINGS PER SHARE |
NOTE
15. EARNINGS PER SHARE
The
following table sets forth the computation of the Company’s basic and diluted net income (loss) per share attributable to common
stockholders for the three and six months ended June 30, 2026:
SCHEDULE
OF EARNINGS (LOSS) PER SHARE BASIC AND DILUTED
| | |
June 30,
2026 | | |
June 30,
2025 | | |
June 30,
2026 | | |
June 30,
2025 | |
| | |
Three Months Ended | | |
Six Months Ended | |
| | |
June 30,
2026 | | |
June 30,
2025 | | |
June 30,
2026 | | |
June 30,
2025 | |
| Basic earnings per share: | |
| | |
| | |
| | |
| |
| Net loss | |
$ | (14,133,018 | ) | |
$ | 110,268,109 | | |
$ | (31,945,434 | ) | |
$ | 102,800,908 | |
| Weighted average common shares outstanding | |
| 353,177,339 | | |
| 133,638,081 | | |
| 297,418,437 | | |
| 121,740,904 | |
| Basic earnings per share | |
$ | (0.04 | ) | |
$ | 0.83 | | |
$ | (0.11 | ) | |
$ | 0.84 | |
| Diluted earnings per share: | |
| | | |
| | | |
| | | |
| | |
| Net loss | |
$ | (14,133,018 | ) | |
$ | 110,268,109 | | |
$ | (31,945,434 | ) | |
$ | 102,800,908 | |
| Weighted-average common shares outstanding | |
| 353,177,339 | | |
| 133,638,081 | | |
| 297,418,437 | | |
| 121,740,904 | |
| | |
| - | | |
| - | | |
| - | | |
| - | |
| Weighted-average common shares outstanding, assuming dilution | |
| 353,177,339 | | |
| 133,638,081 | | |
| 297,418,437 | | |
| 121,740,904 | |
| Diluted earnings per share | |
$ | (0.04 | ) | |
$ | 0.83 | | |
$ | (0.11 | ) | |
$ | 0.84 | |
The
following table presents the potential common shares outstanding that were excluded from the computation of diluted net earnings per
share of common stock as of the periods presented because including them would have been anti-dilutive:
SCHEDULE
OF COMPUTATION OF DILUTED NET EARNINGS (LOSS) PER SHARE OF COMMON STOCK
| | |
June 30,
2026 | | |
June 30,
2025 | | |
June 30,
2026 | | |
June 30,
2025 | |
| | |
Three Months Ended | | |
Six Months Ended | |
| | |
June 30,
2026 | | |
June 30,
2025 | | |
June 30,
2026 | | |
June 30,
2025 | |
| Common stock warrants | |
| 18,000,000 | | |
| 17,900,000 | | |
| 18,000,000 | | |
| 17,900,000 | |
| RSUs issued and outstanding | |
| 10,524,084 | | |
| 2,684,000 | | |
| 10,524,084 | | |
| 2,684,000 | |
| Total potential common shares excluded from diluted net earnings per share | |
| 28,524,084 | | |
| 20,584,000 | | |
| 28,524,084 | | |
| 20,584,000 | |
|
NOTE
15. EARNINGS PER SHARE
The
following table sets forth the computation of the Company’s basic and diluted net income (loss) per share attributable to common
stockholders for the year ended December 31, 2025:
SCHEDULE
OF EARNINGS (LOSS) PER SHARE BASIC AND DILUTED
| | |
Year Ended | |
| | |
December
31,
2025 | |
| Basic earnings per share: | |
| | |
| Net income
(loss) | |
$ | 74,004,768 | |
| Weighted-average
common shares outstanding | |
| 142,298,067 | |
| Basic earnings per
share | |
$ | 0.52 | |
| Diluted earnings per share: | |
| | |
| Net income (loss) | |
$ | 74,004,768 | |
| Weighted-average common
shares outstanding | |
| 142,298,067 | |
| Dilutive effect of common
share equivalents | |
| - | |
| Weighted-average
common shares outstanding, assuming dilution | |
| 142,298,067 | |
| Diluted earnings per
share | |
$ | 0.52 | |
The
following table presents the potential common shares outstanding that were excluded from the computation of diluted net earnings per
share of common stock as of the periods presented because including them would have been anti-dilutive:
SCHEDULE
OF COMPUTATION OF DILUTED NET EARNINGS (LOSS) PER SHARE OF COMMON STOCK
| | |
Year Ended | |
| | |
December
31,
2025 | |
| Common stock warrants | |
| 17,900,000 | |
| RSUs issued and outstanding | |
| 5,984,957 | |
| Total potential common
shares excluded from diluted net earnings per share | |
| 23,884,957 | |
|