XML 19 R12.htm IDEA: XBRL DOCUMENT
v3.25.1

LOSS PER COMMON SHARE | 6 Months Ended
--- | ---
Sep. 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 common shares outstanding during each period. Diluted earnings per share assumes the conversion, exercise or issuance of all potential common stock equivalents unless the effect is to reduce a loss or increase the income per share. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options (using the treasury stock method), the exercise of warrants (using the if-converted method) and the vesting of stock awards.
|  | For the Three Months Ended September 30, |  |  | For the Six Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net Loss |  | $ | (12,428,113 | ) |  | $ | (7,665,967 | ) |  | $ | (27,188,088 | ) |  | $ | (8,970,029 | )
Less: Preferred stock dividends |  |  | (782,640 | ) |  |  | (782,639 | ) |  |  | (1,556,773 | ) |  |  | (1,556,771 | )
Net loss attributable to common stock holders |  | $ | (13,210,753 | ) |  | $ | (8,448,606 | ) |  | $ | (28,744,861 | ) |  | $ | (10,526,800 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares of common stock - basic |  |  | 118,728,976 |  |  |  | 118,167,228 |  |  |  | 118,916,210 |  |  |  | 117,713,805 |
Effect of dilutive common stock purchase warrants |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Effect of dilutive contingently issuable common stock |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Effect of dilutive equity incentive awards |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Weighted average shares of common stock – Diluted |  |  | 118,728,976 |  |  |  | 118,167,228 |  |  |  | 118,916,210 |  |  |  | 117,713,805 |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Loss per share attributable to common stockholders - basic |  | $ | (0.11 | ) |  | $ | (0.07 | ) |  | $ | (0.24 | ) |  | $ | (0.09 | )
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Loss per share attributable to common stockholders - diluted |  | $ | (0.11 | ) |  | $ | (0.07 | ) |  | $ | (0.24 | ) |  | $ | (0.09 | )
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 September 30, |  |  | For the Six Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Common stock options |  |  | 225,000 |  |  |  | 125,000 |  |  |  | 225,000 |  |  |  | 125,000 |
Non-vested stock awards |  |  | 783,668 |  |  |  | 1,517,180 |  |  |  | 783,668 |  |  |  | 1,517,180 |
Warrants |  |  | 1,721,296 |  |  |  | 2,356,336 |  |  |  | 1,721,296 |  |  |  | 2,356,336 |
Total shares excluded from net income (loss) per share attributable to common stockholders |  |  | 2,729,964 |  |  |  | 3,998,516 |  |  |  | 2,729,964 |  |  |  | 3,998,516 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration