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

NOTE 20. NET LOSS PER SHARE

 

The calculation of the weighted average number of shares outstanding and loss per share outstanding for the years ended December 31, 2024 and 2023 are as follows:

 

   2024   2023 
   Year ended December 31, 
   2024   2023 
Numerator for basic and diluted loss per share – Net loss attributable to common stockholders  $(19,844,147)  $(25,688,547)
           
Denominator for basic loss per share – weighted average shares outstanding   3,555,371    2,784,894 
Dilutive effect of shares issuable upon conversion of convertible debt and the exercise of stock options and warrants outstanding   —    — 
           
Denominator for diluted loss per share – adjusted weighted average shares outstanding   3,555,371    2,784,894 
           
Net loss per share:          
Basic  $(5.58)  $(9.22)
Diluted  $(5.58)  $(9.22)

 

 

Basic loss per share is based upon the weighted average number of shares of common stock outstanding during the period. For the years ended December 31, 2024 and 2023, all shares issuable upon conversion of convertible debt and the exercise of outstanding stock options and warrants were antidilutive, and, therefore, not included in the computation of diluted loss per share.