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LOSS PER COMMON SHARE
 3 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
LOSS PER COMMON SHARE

NOTE 4 – LOSS PER COMMON SHARE

 

Basic net loss per common share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted average number of shares of common stock and potentially dilutive outstanding shares of common stock during the period to reflect the potential dilution that could occur from common shares issuable through contingent share arrangements, stock options and warrants. For the three months ended December 31, 2024, and 2023, the following items were excluded from the computation of diluted net loss per common share as their effect is anti-dilutive:

 

   2024   2023 
   For the three months ended December 31, 
   2024   2023 
Options   18    18 
Warrants   3,318,556    - 

 

 

For the three months ended December 31, 2024 and 2023, loss per share basic and diluted for continuing operations are calculated as follows:

 

   2024   2023 
   For the three months ended December 31, 
   2024   2023 
Loss from Continuing operations  $(28,667,231)  $(1,314,395)
Less loss in noncontrolling interest   (180,152)   (96,409)
Preferred stock dividends   -    - 
Net loss applicable to common shareholders   (28,487,079)   (1,217,986)
Weighted Average Number of Shares-Basic & Diluted   1,764,341    499 
Loss per share - Basic & Diluted - Continuing Operations  $(16.15)  $(2,440.85)

 

In accordance with ASC 260-45-13, the common shares underlying the Series A Warrants under the alternative cashless exercise have been included in the calculation of the weighted average shares.