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Earnings Per Share
 3 Months Ended
Mar. 31, 2024
Loss per share attributable to MDB Capital Holdings, LLC:  
Earnings Per Share

6. Earnings Per Share

 

The Company’s computation of earnings (loss) per share (“EPS”) includes basic and diluted EPS. Basic EPS is measured as the income (loss) attributable to common stockholders divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., preferred shares, warrants and stock options) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS.

 

Loss per common share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the respective periods. Basic and diluted loss per common share was the same for all periods presented because warrants outstanding were anti-dilutive, for a total of 35,144 shares.

 

Earnings (loss) per share is presented below for the three months ended March 31, 2024 and 2023, respectively.

 

Basic and fully diluted earnings (loss) per share is calculated at follows for the three-months ended March 31, 2024 and 2023:

 

                     
   For the Three Months Ended 
   March 31, 2024   March 31, 2023 
   Class A common shares   Class B common shares   Class A common shares   Class B common shares 
Net loss attributable to MDB Capital Holdings, LLC  $(3,334,431)  $(3,881,084)  $(645,700)  $(1,228,048)
                     
Weighted average shares outstanding – basic and diluted   4,295,632    5,000,000    2,628,966    5,000,000 
                     
Net loss per share – basic and diluted  $(0.78)  $(0.78)  $(0.25)  $(0.25)

 

Class A common shares and Class B common stock are equal for ownership, Class B shares have five times the voting rights of Class A shares and Class B shares can be exchanged on a one-to-one basis for purposes of sale.