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Earnings Per Share | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | Note 16. Earnings Per Share Basic net income (loss) per common share is calculated by dividing the net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration for potentially dilutive securities. Diluted net income (loss) per share is computed by dividing the net income (loss) attributable to common stockholders by the weighted average number of common shares and potentially dilutive securities outstanding for the period. For the Company’s diluted earnings per share calculation, the Company uses the “if-converted” method for preferred stock and convertible debt and the “treasury stock” method for Warrants and Options. As the Business Combination and related transactions are being reflected as if they had occurred at the beginning of the period presented, the calculation of weighted average shares outstanding for basic and diluted net income per share assumes that the shares issued in connection with the Business Combination have been outstanding for the entire period presented. Schedule of Earning Per Shares, Basic and Diluted
|  | Three months ended March 31, 2023 |
Net loss |  | $ | (1,413,447 | )
Weighted average shares outstanding – basic |  |  | 25,670,730 |
Basic net loss per share |  | $ | (0.06 | )
Weighted average shares outstanding – diluted |  |  | 25,670,730 |
Diluted net loss per share |  | $ | (0.06 | )
Weighted average shares calculation |  | As on March 31, 2023 |
Company public shares |  |  | 3,926,598 |
Company initial stockholders |  |  | 3,403,175 |
PCCU stockholders |  |  | 11,759,472 |
Shares issued for abaca acquisition |  |  | 2,099,977 |
Restricted stock units issued |  |  | 566,755 |
Conversion of preferred stock |  |  | 3,914,753 |
Weighted average shares outstanding |  |  | 25,670,730 |
Certain share-based equity awards were excluded from the computation of dilutive loss per share because inclusion of these awards would have had an anti-dilutive effect. The following table reflects the awards excluded. Schedule of Awards Excluded
|  | March 31, 2023 |
Warrants |  |  | 7,036,588 |
Share based payments |  |  | 2,775,655 |
Shares to be issued to Abaca acquisition |  |  | 6,433,839 |
Conversion of preferred stock |  |  | 10,896,000 |
Total |  |  | 27,142,082 |
The holders of Series A Convertible Preferred Stock shall be entitled to receive, and the Company shall pay, dividends on shares of Series A Convertible Preferred Stock equal (on an as-if-converted-to-Class-A-Common-Stock basis) to and in the same form as dividends actually paid on shares of the Class A Common Stock when, as and if such dividends are paid on shares of the Class A Common Stock. No other dividends shall be paid on shares of Series A Convertible Preferred Stock In the 2022, before the date of business combination, SHF was a single member limited liability company with no shareholders hence the disclosure related to earning per share is not applicable.

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