| Calculation of Basic and Diluted Earnings per Share |
The components of the calculation of basic and diluted
earnings per common share are as follows:
| |
|
Six months ended
June 30,
|
|
|
Six months ended
June 30,
|
|
| |
|
2025
|
|
|
2026
|
|
Net income / (loss), net of taxes
|
|
$
|
(17,008,587
|
)
|
|
$
|
96,030,327
|
|
|
Less: Net (income) / loss attributable to non-controlling interest in subsidiaries
|
|
|
3,191,062
|
|
|
|
(30,550,611
|
)
|
|
Net income / (loss) attributable to Castor Maritime Inc.
|
|
$
|
(13,817,525
|
)
|
|
$
|
65,479,716
|
|
|
Less: Dividend on Series D Preferred Shares
|
|
|
(2,513,889 |
) |
|
|
(2,500,000 |
) |
|
Less: Deemed dividend on Series D Preferred Shares
|
|
|
(1,451,187
|
)
|
|
|
(1,620,049
|
)
|
|
Net income / (loss) available to common shareholders, basic
|
|
|
(17,782,601
|
)
|
|
|
61,359,667
|
|
|
Dividend on Series D Preferred Shares
|
|
|
2,513,889
|
|
|
|
2,500,000
|
|
|
Deemed dividend on Series D Preferred Shares
|
|
|
1,451,187
|
|
|
|
1,620,049
|
|
Effect of subsidiary share based expense on diluted EPS
|
|
|
— |
|
|
|
(303,605 |
) |
|
Net income / (loss) attributable to common shareholders, diluted
|
|
|
(13,817,525
|
)
|
|
|
65,176,111
|
|
| |
|
|
|
|
|
|
|
|
|
Weighted average number of common shares outstanding, basic
|
|
|
9,662,354
|
|
|
|
9,662,354
|
|
|
Effect of dilutive shares
|
|
|
—
|
|
|
|
48,512,730
|
|
|
Weighted average number of common shares outstanding, diluted
|
|
|
9,662,354
|
|
|
|
58,175,084
|
|
| |
|
|
|
|
|
|
|
|
Earnings / (loss) per common share, basic
|
|
$
|
(1.84
|
)
|
|
$
|
6.35
|
|
Earnings / (loss) per common share, diluted
|
|
$
|
(1.84
|
)
|
|
$
|
1.12
|
|
|