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EARNINGS(LOSS) PER SHARE
 9 Months Ended
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:

 

   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)