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LOSS PER COMMON SHARE | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
LOSS PER COMMON SHARE | NOTE 13 – LOSS PER COMMON SHARE The basic net loss per common share is calculated by dividing the Company’s net loss available to common stockholders by the weighted average number of common shares during the year. The diluted net loss per common share is calculated by dividing the Company’s net loss available to common stockholders by the diluted weighted average number of common shares outstanding during the year. The diluted weighted average number of common shares outstanding is the basic weighted number of common shares adjusted for any potentially dilutive debt or equity. Diluted net loss per common share is equal to basic net loss per share due to the Company’s net loss and any potentially issuable shares are anti-dilutive.
Schedule of loss per common share |  |  |  |  |  |  |  |  |  |  |  |
|  | Three months |  |  | Three months |  |  | Nine months |  |  | Nine months |
|  | September 30, 2025 |  |  | September 30, 2024 |  |  | September 30, 2025 |  |  | September 30, 2024 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (34,555,301 | ) |  | $ | (13,638,478 | ) |  | $ | (40,915,628 | ) |  | $ | (40,292,940 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic and diluted net loss per common share - weighted average of common shares |  |  | 36,134,736 |  |  |  | 71,234 |  |  |  | 12,460,615 |  |  |  | 26,418 |
Basic and diluted net loss per common share |  | $ | (0.96 | ) |  | $ | (191.46 | ) |  | $ | (3.28 | ) |  | $ | (1,525.21 | )
As discussed in Note 2 above, the Company received notice from DTCC on behalf of the brokerage firms that hold the shares of Company common stock held in “street name” that in connection with the foregoing rounding of shares the Company would need to issue 23,617 shares of common stock which were issued on May 5, 2025. If these shares had been issued as of November 19, 2024 when notice from DTCC was received, the amounts for basic and diluted net loss per common share for nine months ended September 30, 2025 would be as follows:
Schedule of loss per common share |  |  |
Denominator: |  |  |  |
Denominator for basic and diluted net loss per common share - weighted average of common shares |  |  | 12,471,342 |
Basic and diluted net loss per common share |  | $ | (3.28 | )
Common shares consisting of shares potentially dilutive as of September 30, 2025 and 2024 are as follows:
Schedule of common shares consisting of shares potentially dilutive |  |  |  |  |  |
|  | September 30, 2025 |  |  | September 30, 2024 |
Warrants |  |  | 5,648,887 |  |  |  | 11,975 |
Stock options |  |  | 1,298,366 |  |  |  | 787 |
Total |  |  | 6,947,253 |  |  |  | 12,762 |

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