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Net Income (Loss) Per Share (Tables) | 6 Months Ended
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Jun. 30, 2025
Net earnings (loss) per share: |
Schedule of Computation of Diluted Shares Outstanding | For continuing operations, since there was a net loss, all securities presented below were excluded from weighted average shares outstanding. For discontinued operations, dilutive securities presented below were included in the net income per share calculation and the anti-dilutive securities were excluded in weighted average shares outstanding: Schedule of Computation of Diluted Shares Outstanding
|  | Three Months Ended June 30, 2025 |  |  | Six Months Ended June 30, 2025 |
Dilutive: |  |  |  |  |  |  |  |
Prefunded warrants |  |  | 11,897,165 |  |  |  | 11,817,165 |
Regular warrants |  |  | 6,219,032 |  |  |  | 6,219,032 |
Restricted Stock Units |  |  | 4,167 |  |  |  | 4,167 |
Total Dilutive |  |  | 18,120,364 |  |  |  | 18,040,364 |
Anti-Dilutive: |  |  |  |  |  |  |  |
Stock options |  |  | 9,022 |  |  |  | 9,022 |
SportsHub warrants |  |  | 252 |  |  |  | 252 |
Total Anti-dilutive |  |  | 9,274 |  |  |  | 9,274 |
As the Company had a net loss from continuing operations and net income from discontinued operations for the three months ended March 31, 2024, the following presents dilutive and anti-dilutive securities. For continuing operations, since there was a net loss, all securities presented below were excluded from weighted average shares outstanding. For discontinued operations, dilutive securities presented below were included in the net income per share calculation and the anti-dilutive securities were excluded in weighted average shares outstanding:
|  | Three Months Ended June 30, 2024 |  |  | Six Months Ended June 30, 2024 |
Dilutive: |  |  |  |  |  |
Purchase warrants Alpha |  |  | 39,130 |  |  |  | 39,130 |
Regular warrants Alpha |  |  | 21,187 |  |  |  | 21,187 |
MTS warrants |  |  | 209 |  |  |  | 209 |
MTS stock options |  |  | 209 |  |  |  | 209 |
Total Dilutive |  |  | 60,735 |  |  |  | 60,735 |
Anti-Dilutive: |  |  |  |  |  |  |  |
Stock options |  |  | 9,022 |  |  |  | 9,022 |
Series A-1 preferred stock |  |  | 601 |  |  |  | 601 |
Series B preferred stock |  |  | 1,040 |  |  |  | 1,040 |
MTS warrants |  |  | 487 |  |  |  | 487 |
SportsHub warrants |  |  | 252 |  |  |  | 252 |
Restricted Stock Units |  |  | 12,498 |  |  |  | 12,498 |
Total Anti-dilutive |  |  | 23,900 |  |  |  | 23,900 |
Schedule of Loss Per Share and Weighted-average | The calculation of the net income (loss) per share and weighted-average shares of the Company’s common stock outstanding for the periods presented are as follows: Schedule of Loss Per Share and Weighted-average
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Net loss from continuing operations |  | $ | (103,370,535 | ) |  | $ | (916,664 | ) |  | $ | (104,287,267 | ) |  | $ | (2,677,475 | )
Less: deemed dividends on series B preferred stock |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (44,619 | )
Net loss from continuing operations available to common stockholders |  |  | (103,370,535 | ) |  |  | (916,664 | ) |  |  | (104,287,267 | ) |  |  | (2,722,094 | )
Net income (loss) from discontinued operations, net of tax, available to common stockholders |  |  | (52,192 | ) |  |  | 453,706 |  |  |  | (110,361 | ) |  |  | 14,564,872 |
Net income (loss) available to common stockholders |  | $ | (103,422,727 | ) |  | $ | (462,959 | ) |  | $ | (104,397,628 | ) |  | $ | 11,842,778 |
Basic weighted-average shares for continuing and discontinued operations |  |  | 24,202,467 |  |  |  | 282,709 |  |  |  | 12,989,772 |  |  |  | 270,876 |
Diluted weighted average shares for discontinued operations |  |  | 24,202,467 |  |  |  | 343,444 |  |  |  | 12,989,772 |  |  |  | 331,611 |
Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) from continuing operations per share |  | $ | (4.27 | ) |  | $ | (3.24 | ) |  | $ | (8.03 | ) |  | $ | (10.05 | )
Net income (loss) from discontinued operations per share |  |  | - |  |  |  | 1.60 |  |  |  | (0.01 | ) |  |  | 53.77 |
Net income (loss) per share |  | $ | (4.27 | ) |  | $ | (1.64 | ) |  | $ | (8.04 | ) |  | $ | 43.72 |
Fully Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) from continuing operations per share |  | $ | (4.27 | ) |  | $ | (2.67 | ) |  | $ | (8.03 | ) |  | $ | (10.05 | )
Net income (loss) from discontinued operations per share |  |  | - |  |  |  | 1.32 |  |  |  | (0.02 | ) |  |  | 43.92 |
Net income (loss) per share |  | $ | (4.27 | ) |  | $ | (1.35 | ) |  | $ | (8.05 | ) |  | $ | 33.87 |

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