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LOSS PER COMMON SHARE | 3 Months Ended
--- | ---
Jun. 30, 2024
Net Loss per share |
LOSS PER COMMON SHARE | NOTE 3 – LOSS PER COMMON SHARE We calculate basic loss per share using the weighted-average number of shares of common stock outstanding during each reporting period. Diluted loss per share includes potentially dilutive securities, such as outstanding options and warrants. We use the treasury stock method in the determination of dilutive shares outstanding during each reporting period. We have issued warrants to purchase 1,668,830 shares of common stock. Due to the net loss attributable to common shareholders for the three months ended June 30, 2024, potentially dilutive securities, which consists of 200,000 of respective common stock purchase options were excluded, as a result of the treasury stock method, from the dilutive EPS calculation as the effect would be antidilutive. Due to the loss from operations for the three months ended June 30, 2023, potentially dilutive securities, which consists of 911 warrants and 9,090 equity incentive awards were excluded, as a result of the treasury stock method, from the dilutive EPS calculation as the effect would be antidilutive. SCHEDULE OF INCOME/(LOSS) PER COMMON SHARE
|  | 2024 |  |  | 2023 |
|  | For the Three Months Ended June 30, |
|  | 2024 |  |  | 2023 |
Numerator: |  |  |  |  |  |  |  |
Net loss |  | $ | (7,061,287 | ) |  | $ | (1,093,033 | )
Less: Preferred stock dividends |  |  | (774,132 | ) |  |  | (774,132 | )
Net loss attributable to common stockholders |  | $ | (7,835,419 | ) |  | $ | (1,867,165 | )
Denominator: |  |  |  |  |  |  |  |
Weighted average shares of common stock – Basic |  |  | 119,105,502 |  |  |  | 117,713,805 |
Effect of dilutive common stock purchase warrants |  |  | - |  |  |  | - |
Effect of dilutive equity incentive awards |  |  | - |  |  |  | - |
Effect of dilutive common stock purchase options |  |  | - |  |  |  | - |
Weighted average shares of common stock – Diluted |  |  | 119,105,502 |  |  |  | 117,713,805 |
Earnings per share: |  |  |  |  |  |  |  |
Loss per share attributable to common stockholders – basic |  | $ | (0.07 | ) |  | $ | (0.02 | )
Loss per share attributable to common stockholders – diluted |  | $ | (0.07 | ) |  | $ | (0.02 | )

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