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EARNINGS (LOSS) PER SHARE | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
EARNINGS (LOSS) PER SHARE | NOTE 19 – EARNINGS (LOSS) PER SHARE The Company uses the two class method to compute its basic earnings (loss) per share (“Basic EPS”) and diluted earnings per share (“Diluted EPS”). The following table summarizes the computations of basic EPS and diluted EPS. The allocation of earnings between Class A and Class B shares is based on their respective economic rights to the undistributed earnings of the Company. Basic EPS is computed as net income (loss) divided by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur using the treasury stock method. The restricted stock units, underwriters warrants and warrants issued in connection with the convertible debt and equity line of credit were excluded from the treasury stock method computation of diluted shares as their inclusion would have had an antidilutive effect for the three and nine months ended September 30, 2023. The convertible notes were excluded from the if-converted method computation of diluted shares as their inclusion would have had an antidilutive effect for the three and nine months ended September 30, 2023. There were no such exclusions made in the 2022 calculation. For the three and nine months ended September 30, 2022, the Company has used the number of shares transferred in the reorganization transaction for the denominator in the EPS calculation. The following table provides a reconciliation of the weighted average number of shares used in the calculation of basic and diluted EPS. SCHEDULE OF EARNINGS PER SHARE
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | For the three months ended September 30, |  |  | For the nine months ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Basic Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income attributable to Class A common stockholders |  | $ | (955,763 | ) |  | $ | (1,538,738 | ) |  | $ | (2,477,768 | ) |  | $ | 3,218,022 |
Net (loss) attributable to Class B common stockholders |  |  | (3,476,869 | ) |  |  | - |  |  |  | (9,005,673 | ) |  |  | - |
Net (loss) attributable to common stockholders |  |  | (3,476,869 | ) |  |  | - |  |  |  | (9,005,673 | ) |  |  | - |
Total net (loss) income attributable to Snail Inc and Snail Games USA Inc. |  | $ | (4,432,632 | ) |  | $ | (1,538,738 | ) |  | $ | (11,483,441 | ) |  | $ | 3,218,022 |
Class A weighted average shares outstanding - basic |  |  | 7,901,145 |  |  |  | 35,000,000 |  |  |  | 7,909,715 |  |  |  | 35,000,000 |
Class B weighted average shares outstanding - basic |  |  | 28,748,580 |  |  |  | - |  |  |  | 28,748,580 |  |  |  | - |
weighted average shares outstanding - basic |  |  | 28,748,580 |  |  |  | - |  |  |  | 28,748,580 |  |  |  | - |
Class A and B basic earnings per share |  | $ | (0.12 | ) |  | $ | (0.04 | ) |  | $ | (0.31 | ) |  | $ | 0.09 |
Diluted Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income attributable to Class A common stockholders |  | $ | (955,763 | ) |  | $ | (1,538,738 | ) |  | $ | (2,477,768 | ) |  | $ | 3,218,022 |
Net (loss) attributable to Class B common stockholders |  | $ | (3,476,869 | ) |  | $ | - |  |  | $ | (9,005,673 | ) |  | $ | - |
Net (loss) attributable to common stockholders |  | $ | (3,476,869 | ) |  | $ | - |  |  | $ | (9,005,673 | ) |  | $ | - |
Class A weighted average shares outstanding - basic |  |  | 7,901,145 |  |  |  | 35,000,000 |  |  |  | 7,909,715 |  |  |  | 35,000,000 |
Dilutive effects of common stock equivalents |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Class A weighted average shares outstanding - diluted |  |  | 7,901,145 |  |  |  | 35,000,000 |  |  |  | 7,909,715 |  |  |  | 35,000,000 |
Class B weighted average shares outstanding - basic |  |  | 28,748,580 |  |  |  | - |  |  |  | 28,748,580 |  |  |  | - |
weighted average shares outstanding - basic |  |  | 28,748,580 |  |  |  | - |  |  |  | 28,748,580 |  |  |  | - |
Dilutive effects of common stock equivalents |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Class B weighted average shares outstanding - diluted |  |  | 28,748,580 |  |  |  | - |  |  |  | 28,748,580 |  |  |  | - |
weighted average shares outstanding - diluted |  |  | 28,748,580 |  |  |  | - |  |  |  | 28,748,580 |  |  |  | - |
Diluted (loss) earnings per Class A and B share |  | $ | (0.12 | ) |  | $ | (0.04 | ) |  | $ | (0.31 | ) |  | $ | 0.09 |

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