12. Basic and diluted net loss per share
Basic loss per share and diluted loss per share have been calculated in accordance with ASC 260, “Earnings Per Share” on computation of earnings per share for the years ended June 30, 2025 and 2026 as follows:
| Schedule of basic share and diluted |
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For the
Years Ended
June 30, |
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| |
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2025 |
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2026 |
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| Net loss attributable to common shareholders |
|
$ |
(7,659,667 |
) |
|
|
(12,162,391 |
) |
| |
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| Denominator: |
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| Weighted-average shares of common stock outstanding(i) |
|
|
1,500 |
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|
|
1,500 |
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| Basic and diluted loss per share |
|
$ |
(5,106.44 |
) |
|
|
(8,108.26 |
) |
| (i) |
In January 2026, the Company adopted an Amended and Restated Certificate of Incorporation, which established a dual-class common stock structure. Under this new structure, the Company’s equity is divided into 303 shares of Class A common stock and 1,197 shares of Class B common stock, which are entitled to one (1) vote and twenty (20) votes per share, respectively. Despite the differential in voting power, Class A common stock and Class B common stock rank pari passu in all other respects, sharing ratably in dividends and any distributions upon liquidation. |
| (ii) |
For the fiscal years ended June 30, 2026 and 2025, diluted net loss per share was calculated in the same manner as basic net loss per
share because there were no potential common stock equivalents outstanding during the periods presented. |
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