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LOSS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2025
Earnings per common share  
LOSS PER COMMON SHARE

NOTE 15 – 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 Stock 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 Stock outstanding during the year. The diluted weighted average number of Common Stock outstanding is the basic weighted number of Common Stock 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.

        
   2025   2024 
Numerator:        
         
Loss from continuing operations  $(148,570,842)  $(44,154,059)
Loss from discontinued operations  $(1,481,644)  $(1,356,250)
Net loss  $(150,052,486)  $(45,510,309)
           
Denominator:          
           
Denominator for basic and diluted net loss per common share - weighted average of Common Stock   18,482,865    38,725 
           
Basic and diluted loss from continuing operations per common share  $(8.04)  $(1,140.20)
Basic and diluted loss from discontinued operations per common share  $(0.08)  $(35.02)
Basic and diluted net loss per common share  $(8.12)  $(1,175.22)

 

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 are not included in the amounts above. 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 2025 and 2024 would be as follows:

          
   2025   2024 
Denominator:          
           
Denominator for basic and diluted net loss per common share - weighted average of common stock   18,490,888    41,516 
           
Basic and diluted loss from continuing operations per common share  $(8.04)  $(1,063,54)
Basic and diluted loss from discontinued operations per common share  $(0.08)  $(32.67)
Basic and diluted net loss per common share  $(8.12)  $(1,096.21)

 

Common stock consisting of shares potentially dilutive as of December 31, 2025 and 2024 are as follows:

        
   2025   2024 
Warrants   5,648,887    25,042 
Stock options   1,298,366    786 
Total   6,947,253    25,828