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INCOME (LOSS) PER COMMON SHARE | 3 Months Ended
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Jun. 30, 2025
Net Loss per share |
INCOME (LOSS) PER COMMON SHARE | NOTE 3 – INCOME (LOSS) PER COMMON SHARE We calculate basic income/(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 restricted stock unit awards.
|  | For the Three Months Ended June 30, |
|  | 2025 |  |  | 2024 |
|  | (Unaudited) |
Numerator: |  |  |  |  |  |
Net loss from continuing operations |  | $ | (5,862,693 | ) |  | $ | (11,997,025 | )
Less: Preferred stock dividends |  |  | (774,132 | ) |  |  | (774,132 | )
Net loss before discontinued operations |  |  | (6,636,825 | ) |  |  | (12,771,157 | )
Net loss from discontinued operations, net of tax |  |  | (595,634 | ) |  |  | (2,762,950 | )
Net loss attributable to common stockholders |  | $ | (7,232,459 | ) |  | $ | (15,534,107 | )
Denominator: |  |  |  |  |  |
Weighted average shares of common stock - basic |  |  | 116,841,148 |  |  |  | 119,105,502 |
Effect of dilutive common stock purchase warrants |  |  | - |  |  |  | - |
Effect of dilutive equity incentive awards |  |  | - |  |  |  | - |
Weighted average shares of common stock - diluted |  |  | 116,841,148 |  |  |  | 119,105,502 |
Basic loss per share attributable to common stockholders: |  |  |  |  |  |
Continuing operations |  | $ | (0.06 | ) |  | $ | (0.11 | )
Discontinued operations |  | $ | (0.00 | ) |  | $ | (0.02 | )
Total basic loss per share attributable to common stockholders |  | $ | (0.06 | ) |  | $ | (0.13 | )
Diluted loss per share attributable to common stockholders: |  |  |  |  |  |
Continuing operations |  | $ | (0.06 | ) |  | $ | (0.11 | )
Discontinued operations |  | $ | (0.00 | ) |  | $ | (0.02 | )
Total diluted loss per share attributable to common stockholders |  | $ | (0.06 | ) |  | $ | (0.13 | )
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, |
|  | 2025 |  |  | 2024 |
Common stock options |  |  | 400,000 |  |  |  | 200,000 |
Non-vested stock awards |  |  | - |  |  |  | 1,032,191 |
Warrants |  |  | 8,720,345 |  |  |  | 1,731,370 |
Total shares excluded from net loss per share attributable to common stockholders |  |  | 9,120,345 |  |  |  | 2,963,561 |

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