v3.26.3
Earnings Per Share
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

14 - EARNINGS PER SHARE

 

The computation of basic and dilutive net loss per share attributable to common stockholders for the three and nine months ended September 30, 2026 and 2025, are as follows:

 

    Three Months Ended
September 30,		     Nine Months Ended
September 30,		  
    2026     2025     2026     2025  
Basic:                        
Numerator:                        
Net income (loss) attributable to common shareholders   $ (3,659,587 )   $ 1,375,294     $ (12,358,543 )   $ (1,736,512 )
Denominator:                                
Weighted-average common shares outstanding     2,981,011       2,282,245       2,703,046       2,016,265  
Net income (loss) per share – basic:   $ (1.16 )   $ 0.60     $ (4.47 )   $ (0.86 )
Diluted:                                
Numerator:                                
Net income (loss) attributable to common and common equivalent shareholders     (3,659,587 )     1,375,294       (12,358,543 )     (1,736,512 )
Denominator:                                
Weighted-average common stock outstanding     3,168,308       2,282,245       2,766,165       2,016,265  
Stock options, RSUs, warrants, Earn-Out Liability, and convertible notes outstanding to purchase shares of common stock     -       1,274       -       -  
Total common and common equivalent shares outstanding     3,168,308       2,283,520       2,766,165       2,016,265  
Net income (loss) per share – diluted:   $ (1.16 )   $ 0.60     $ (4.47 )   $ (0.86 )

 

The weighted average potential shares of common stock that were excluded from the calculation of net loss per share-diluted for the periods presented because including them would have been anti-dilutive consisted of the following:

 

    Three Months Ended
September 30,		     Nine Months Ended
September 30,		  
    2026     2025     2026     2025  
Stock options outstanding to purchase shares of common stock and RSUs     415,577       222,684       395,249       214,974  
Public Warrants     319,216       319,216       319,216       319,216  
SPAC Private Placement Warrants     262,811       262,811       262,811       262,811  
Private Veea Warrants     7,965       7,965       7,965       7,965  
2025 Investor Warrants     459,305       234,721       459,305       79,100  
Convertible Notes     282,729       11,667       280,943       6,964  
White Lion Warrants     130,103       -       105,646       -  
NLabs Warrants     2,344,173       -       1,379,813       -  

 

The weighted average potential shares of common stock that were excluded from the calculation of net loss per share-diluted because the performance or market conditions associated with these awards were not met are as follows for the periods presented:

 

    Three Months Ended
September 30,		     Nine Months Ended
September 30,		  
    2026     2025     2026     2025  
Earn-Out Liability     225,000       225,000       225,000       225,000