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EARNINGS(LOSS) PER SHARE | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
EARNINGS(LOSS) PER SHARE | NOTE 15 — EARNINGS(LOSS) PER SHARE For the three and nine months ended September 30, 2025, the Company incurred a net loss. Accordingly, the effect of potential common shares from unexercised stock options, unexercised warrants, and unvested Restricted Stock Units (“RSUs”) was excluded from the computation of diluted net loss per share, as their inclusion would have been anti-dilutive. For the three and nine months ended September 30, 2024, the effect of potential shares of common stock from the unexercised options, unexercised warrants, and RSU are included in the computation of diluted net earnings per share. As a result, a total of 142,186 unvested RSU were included in the computation of weighted average number of common shares for the three and nine months ended September 30, 2024 respectively. The following table presents a reconciliation of basic and diluted net income per share: SCHEDULE OF EARNINGS PER SHARE
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Net income attributable to the Company |  | $ | 1,526,407 |  |  | $ | (2,502,233 | ) |  | $ | (484,621 | ) |  | $ | 3,495,079 |
Weighted average number of common shares outstanding – basic |  |  | 41,546,700 |  |  |  | 41,325,388 |  |  |  | 41,591,331 |  |  |  | 40,863,370 |
Dilutive securities – unvested RSU |  |  | 94,250 |  |  |  | - |  |  |  | - |  |  |  | 142,186 |
Weighted average number of common shares outstanding – diluted |  |  | 41,640,950 |  |  |  | 41,325,388 |  |  |  | 41,591,331 |  |  |  | 41,005,556 |
Earnings per share – basic |  | $ | 0.04 |  |  | $ | (0.06 | ) |  | $ | (0.01 | ) |  | $ | 0.09 |
Earnings per share – diluted |  | $ | 0.04 |  |  | $ | (0.06 | ) |  | $ | (0.01 | ) |  | $ | 0.09 |
MASSIMO GROUP AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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