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Basic and Diluted Net Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2025
Basic and Diluted Net Income (Loss) Per Share [Abstract]  
BASIC AND DILUTED NET INCOME (LOSS) PER SHARE

NOTE 4 – BASIC AND DILUTED NET INCOME (LOSS) PER SHARE

 

Net income (loss) per common share is calculated in accordance with ASC 260, Earnings Per Share. Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of Common Stock outstanding during the period. Diluted net income per share is computed by dividing net income by the weighted average number of shares of Common Stock outstanding plus the dilutive effect of unvested restricted stock units (“RSUs”), and outstanding warrants and options. For the periods presented with a net loss, the computation of diluted net loss per share does not include dilutive Common Stock equivalents in the weighted average shares outstanding, as they would be anti-dilutive.

 

For the three months end September 30, 2025, that presented $327,659 of net income, RSUs of 2,739,837 were added to the weighted average number of shares – basic of 20,863,110 to determine the weighted average number of shares – diluted of 23,602,947, which was used to calculate net income per share, diluted of $0.01. Securities that could potentially dilute net income per share in the future but were excluded in the computation of net diluted loss per share for the periods presented with a net loss as of September 30, 2025 and 2024, are as follows:

 

   As of September 30, 
   2025   2024 
         
Warrants to purchase Common Stock   4,480,839    4,904,016 
Options to purchase Common Stock   1,400,000    3,500,417 
RSUs issued under a management equity plan   2,739,837    14,335,305 
    8,620,676    22,739,738