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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.

		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			-				-
			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	)