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Net Loss Per Share

6 Months Ended

12 Months Ended

Jun. 30, 2024

Dec. 31, 2023

Net Loss Per Share [Abstract]

NET LOSS PER SHARE

NOTE 15 — NET LOSS PER SHARE

Net loss per common share has been computed on the basis of the weighted-average number of common shares outstanding during the six months ended June 30, 2024, and 2023. Since the Company was in a loss position for the six months ended June 30, 2024, and 2023, basic net loss per share was the same as diluted net loss per share for the period presented.

The following table sets forth the computation of (loss) earnings per share:

		For the three months ended								For the six months ended
		June 30, 2024				June 30, 2023				June 30, 2024				June 30, 2023
Numerator
Net loss – basic and diluted		$	(2,115,512	)		$	(2,817,574	)		$	(7,118,223	)		$	(4,723,407	)

Denominator
Weighted average shares used to compute net loss per share, basic and diluted			150,234,327				94,604,510				146,925,149				86,273,053

Net loss per share – basic and diluted		$	(0.01	)		$	(0.03	)		$	(0.05	)		$	(0.05	)

The following potentially dilutive outstanding securities for the six months ended June 30, 2024, and 2023 were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the year, see below:

		For the six months ended
		June 30, 2024		June 30, 2023
Warrants		61,332,886		37,436,200
Common Share options		20,399,367		21,086,071
ACI Canada legacy performance options		6,641,057		8,471,057
Total anti-dilutive features		88,373,310		66,993,328

NOTE 15 — NET LOSS PER SHARE

Net loss per common share has been computed on the basis of the weighted-average number of common shares outstanding during the years ended December 31, 2023 and 2022. Since the Company was in a loss position for the years ended December 31, 2023 and 2022, basic net loss per share was the same as diluted net loss per share for the years presented.

The following table sets forth the computation of (loss) earnings per share:

		Years Ended December 31,
		2023				2022
Numerator
Net loss – basic and diluted		$	(13,763,658	)		$	(12,073,260	)

Denominator
Weighted average shares used to compute net loss per share, basic and diluted			94,355,476				67,972,194

Net loss per share – basic and diluted		$	(0.15	)		$	(0.18	)

The following potentially dilutive outstanding securities for the years ended December 31, 2023 and 2022 were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the year, see below:

		For the Years Ended
		December 31, 2023		December 31, 2022
Warrants		43,729,794		15,981,290
Common Share options		20,672,207		5,506,071
ACI Canada legacy performance options		6,821,057		9,521,057
Total anti-dilutive features		71,223,058		31,008,418