XML 32 R16.htm IDEA: XBRL DOCUMENT
v3.25.2

Net Loss Per Share | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2025 | Dec. 31, 2024
Net Loss Per Share | Note 10 – Net Loss Per Share The computations of basic and dilutive loss per share of commons stock outstanding for the three and six months ended June 30, 2025 and 2024 are as follows: Schedule of Basic and Diluted Loss Per Share
|  | Three Months |  |  | Three Months |  |  | Six Months |  |  | Six Months |
|  | Ended |  |  | Ended |  |  | Ended |  |  | Ended |
|  | June 30, 2025 |  |  | June 30, 2024 |  |  | June 30, 2025 |  |  | June 30, 2024 |
Net loss available to common shareholders |  | $ | (585,000 | ) |  | $ | (6,119,000 | ) |  | $ | (9,776,000 | ) |  | $ | (8,486,000 | )
Basic and diluted weighted average of common stock outstanding |  |  | 2,472,464 |  |  |  | 32,090 |  |  |  | 2,224,047 |  |  |  | 32,090 |
Loss per common share |  | $ | (0.24 | ) |  | $ | (190.68 | ) |  | $ | (4.40 | ) |  | $ | (264.44 | )
The computation of the fully diluted weighted average number of shares of common stock outstanding for the three and six months ended June 30, 2025 and 2024 is as follows: Schedule of Diluted Weighted Average Number of Shares
|  | Three Months |  |  | Three Months |  |  | Six Months |  |  | Six Months |
|  | Ended |  |  | Ended |  |  | Ended |  |  | Ended |
|  | June 30, 2025 |  |  | June 30, 2024 |  |  | June 30, 2025 |  |  | June 30, 2024 |
Basic weighted average common shares outstanding |  |  | 2,472,464 |  |  |  | 32,090 |  |  |  | 2,224,047 |  |  |  | 32,090 |
Effect of dilutive stock options and warrants |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Diluted weighted average of common shares outstanding |  |  | 2,472,464 |  |  |  | 32,090 |  |  |  | 2,224,047 |  |  |  | 32,090 |
Basic net loss per share is based on the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share reflects the potential dilution assuming shares of common stock underlying in-the-money options and warrants have been issued upon the exercise of the options and warrants and the proceeds thereof were used to purchase shares of the Company’s common stock at the average market price during the period using the treasury stock method. ALGORHYTHM HOLDINGS, INC AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS December 31, 2024 and 2023 For the three and six months ended June 30, 2025, 484 shares of common stock underlying stock options, respectively, and 1,138,163 shares of common stock underlying warrants were excluded from the calculation of diluted net loss per share as the result would have been anti-dilutive. For the three and six months ended June 30, 2024, 543 shares of common stock underlying stock options and 4,511 shares of common stock underlying warrants were excluded from the calculation of diluted net loss per share as the result would have been anti-dilutive. |
Previously Reported [Member] |  |
Net Loss Per Share |  | Note 11 – Net Loss Per Share The computations of basic and dilutive loss per share of commons stock outstanding for the year ended December 31, 2024 and the nine months ended December 31, 2023 are as follows: Schedule of Basic and Diluted Loss Per Share
|  | Year Ended December 31, 2024 |  |  | Nine Months Ended December 31, 2023 |
Net loss available to common shareholders |  | $ | (23,257,000 | ) |  | $ | (6,398,000 | )
Basic and fully diluted weighted average shares of common stock outstanding |  |  | 65,722 |  |  |  | 24,323 |
Basic and fully diluted net loss per share of common stock |  | $ | (353.87 | ) |  | $ | (263.04 | )
The computation of the fully diluted weighted average number of shares of common stock outstanding for the year ended December 31, 2024 and the nine months ended December 31, 2023 is as follows: Schedule of Diluted Weighted Average Number of Shares
|  | Year Ended December 31, 2024 |  |  | Nine Months Ended December 31, 2023 |
Basic weighted average common shares outstanding |  |  | 65,722 |  |  |  | 24,323 |
Effect of dilutive stock options |  |  | - |  |  |  | - |
Diluted weighted average of common shares outstanding |  |  | 65,722 |  |  |  | 24,323 |
Basic net loss per share is based on the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share reflects the potential dilution assuming shares of common stock underlying in-the-money options and warrants have been issued upon the exercise of the options and warrants and the proceeds thereof were used to purchase shares of the Company’s common stock at the average market price during the period using the treasury stock method. ALGORHYTHM HOLDINGS, INC AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS December 31, 2024 and 2023 For the year ended December 31, 2024, 536 shares of common stock underlying stock options and 563,335 shares of common stock underlying warrants were excluded from the calculation of diluted net loss per share as the result would have been anti-dilutive. For the nine months ended December 31, 2023, 569 shares of common stock underlying stock options and 4,511 shares of common stock underlying warrants were excluded from the calculation of diluted net loss per share as the result would have been anti-dilutive.

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_RestatementAxis=srt_ScenarioPreviouslyReportedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |