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INCOME (LOSS) PER COMMON SHARE (Tables)

3 Months Ended

Jun. 30, 2024

Net Loss per share

SCHEDULE OF INCOME/(LOSS) PER COMMON SHARE

		For the Three Months Ended June 30,
		2024				2023
		(Restated)
Numerator:
Net loss		$	(14,759,975	)		$	(1,304,062	)
Less: Preferred stock dividends			(774,132	)			(774,132	)
Net loss attributable to common shareholders		$	(15,534,107	)		$	(2,078,194	)
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 shareholders - basic		$	(0.13	)		$	(0.02	)
Loss per share attributable to common shareholders - diluted		$	(0.13	)		$	(0.02	)

The following table presents the number of shares excluded from the calculation of diluted net loss per share attributable to common stockholders:

		For the Three Months Ended,
		2024				2023
		(Restated)
Common stock options			200,000				-
Non-vested stock awards			1,032,191				2,040,503
Warrants			1,731,370				2,356,336
Total shares excluded from net income (loss) per share attributable to common stockholders			2,963,561				4,396,839

SUMMARY OF NUMBER OF SHARES EXCLUDED FROM CALCULATION OF DILUTED NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

The following table presents the number of shares excluded from the calculation of diluted net loss per share attributable to common stockholders:

		For the Three Months Ended,
		2024				2023
		(Restated)
Common stock options			200,000				-
Non-vested stock awards			1,032,191				2,040,503
Warrants			1,731,370				2,356,336
Total shares excluded from net income (loss) per share attributable to common stockholders			2,963,561				4,396,839

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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