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EARNINGS (LOSS) PER SHARE
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE

NOTE 6. EARNINGS (LOSS) PER SHARE

 

Basic earnings per common share (“EPS”) applicable to common stockholders is computed by dividing earnings applicable to common stockholders by the weighted-average number of common shares outstanding.

 

If there is a loss from operations, diluted EPS is computed in the same manner as basic EPS is computed. Similarly, if the Company has net income but its preferred dividend adjustment made in computing income available to common stockholders results in a net loss available to common stockholders, diluted EPS would be computed in the same manner as basic EPS.

 

 

The following calculates basic and diluted EPS from operations:

 

   Three Months   Three Months 
   Ended   Ended 
   September 30, 2025   September 30, 2024 
Loss from continuing operations  $(1,156,583)  $(837,314)
Net loss continuing operations, numerator, basic computation   (1,156,583)   (837,314)
Recognition and change in fair value of warrant liabilities   -    - 
Net loss from continuing operations, numerator, diluted computation  $(1,156,583)  $(837,314)
           
Weighted average common shares, basic   5,826,995    1,252,799 
Weighted average common shares, dilutive   5,826,995    1,252,799 
Loss per common share – basic  $(0.20)  $(0.67)
Loss per common share – diluted  $(0.20)  $(0.67)

 

   Nine Months   Nine Months 
   Ended   Ended 
   September 30, 2025   September 30, 2024 
Loss from continuing operations  $(5,604,367)  $(7,673,373)
Net Loss continuing operations, numerator, basic computation   (5,604,367)   (7,673,373)
Recognition and change in fair value of warrant liabilities   -    - 
Net loss from continuing operations, numerator, diluted computation  $(5,604,367)  $(7,673,373)
           
Weighted average common shares, basic   3,891,166    726,347 
Weighted average common shares, dilutive   3,891,166    726,347 
Loss per common share – basic  $(1.44)  $(10.56)
Loss per common share – diluted  $(1.44)  $(10.56)

 

Additionally, the following are considered anti-dilutive securities excluded from weighted-average shares used to calculate diluted net loss per common share for the three and nine month periods ended:

 

   September 30, 2025   September 30, 2024 
Shares subject to outstanding common stock options   -    50 
Shares subject to outstanding Series A warrants   6,647    6,647 
Shares subject to outstanding PAW’s   959    959 
Shares subject to PA Warrants   3,096    3,096 
Shares subject to Outstanding Series J Warrants
   2,976,192    - 
Shares subject to Outstanding Series J PAW’s   104,167    - 
Shares subject to unvested stock awards   142,747    52