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LOSS PER SHARE
 3 Months Ended
Dec. 31, 2023
LOSS PER SHARE  
LOSS PER SHARE

NOTE 10 – LOSS PER SHARE

Earnings per common share (“EPS”) is computed by dividing net income allocated to common stockholders by the weighted-average shares of common stock outstanding. Diluted EPS is computed by dividing income allocated to common stockholders plus dividends on dilutive convertible preferred stock and preferred stock that can be tendered to exercise warrants, by the weighted-average shares of common stock outstanding plus amounts representing the dilutive effect of outstanding warrants and the dilution resulting from the conversion of convertible preferred stock, if applicable.

For the three months ended December 31, 2023 and 2022, outstanding warrants, convertible debt and shares of Preferred Stock were excluded from the diluted share count because the result would have been antidilutive under the “if-converted method.”

The following table presents the reconciliation of net loss attributable to common stockholders to net loss used in computing basic and diluted net income per share of common stock (giving effect to the reverse stock splits – see Note 1):

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​

​

​

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Three months ended December 31, 

​

​

2023

    

2022

    

Net loss attributable to common stockholders

$

(61,394,898)

​

$

(376,275,786)

​

Less: accumulated preferred stock dividends

​

(21,303)

​

​

(638,677)

​

Net loss used in computing basic net loss per share of common stock

$

(61,416,201)

​

$

(376,914,463)

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​

​

​

​

​

​

​

Net loss per share

$

(15.32)

​

$

(6,233.08)

​

​

​

​

​

​

​

​

Weighted average shares outstanding, basic and diluted

​

4,007,791

​

​

60,470

​

​