XML 25 R14.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Earnings Per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
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 income (loss) per share is presented below for the three and six-months ended June 30, 2024 and 2023, respectively.

 

Basic and fully diluted earnings income (loss) per share is calculated at follows for the three and six-months ended June 30, 2024 and 2023:

                                 
    For the Three Months Ended  
    June 30, 2024     June 30, 2023  
    Class A common shares     Class B common shares     Class A common shares     Class B common shares  
Net income (loss) attributable to MDB Capital Holdings, LLC   $ (1,975,275 )   $ (2,299,166 )   $ 1,193,312     $ 2,269,547  
                                 
Weighted average shares outstanding – basic and diluted     4,295,632       5,000,000       2,628,966       5,000,000  
                                 
Net income (loss) per share – basic and diluted   $ (0.46 )   $ (0.46 )   $ 0.45     $ 0.45  

 

    Class A common shares     Class B common shares     Class A common shares     Class B common shares  
    For the Six Months Ended  
    June 30, 2024     June 30, 2023  
    Class A common shares     Class B common shares     Class A common shares     Class B common shares  
Net income (loss) attributable to MDB Capital Holdings, LLC   $ (5,309,616 )   $ (6,180,250 )   $ 547,613     $ 1,041,498  
                                 
Weighted average shares outstanding – basic and diluted     4,295,632       5,000,000       2,628,966       5,000,000  
                                 
Net income (loss) per share – basic and diluted   $ (1.24 )   $ (1.24 )   $ 0.21     $ 0.21  

 

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.