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NET INCOME (LOSS) PER SHARE
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE

NOTE 15. NET INCOME (LOSS) PER SHARE

 

The calculation of the weighted average number of shares outstanding and income (loss) per share outstanding for the three months ended March 31, 2025 and 2024 are as follows:

 

         
  

Three Months ended

March 31,

 
   2025   2024 
Numerator for basic and diluted income (loss) per share – Net loss attributable to common stockholders  $4,263,471   $(3,931,020)
           
Denominator for basic income (loss) per share – weighted average shares outstanding   3,032,208    143,061 
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   3,032,208    143,061 
           
Net income (loss) per share:          
Basic  $1.41   $(27.48)
Diluted  $1.41   $(27.48)

 

Basic loss per share is based upon the weighted average number of shares of Common Stock outstanding during the period. For the three months ended March 31, 2025 and 2024, 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.