Axe Compute Inc. Earnings Per Share Disclosure
NOTE 14 – LOSS PER SHARE
The following table presents the shares used in the basic and diluted loss per common share computations:
| Year Ended December 31, | ||||||||
|
2024 |
2023 |
|||||||
|
Numerator: |
||||||||
|
Net (loss) from continuing operations |
$ | (10,860,205 |
) |
$ | (12,017,561 |
) |
||
|
Net (loss) from discontinued operations |
(1,804,183 | ) | (1,966,406 | ) | ||||
|
Net loss attributable to common stockholders |
$ | (12,664,388 | ) | $ | (13,983,967 | ) | ||
|
Denominator: |
||||||||
|
Weighted average common shares outstanding - basic |
5,453,632 | 4,014,848 | ||||||
|
Dilutive effect of stock options, warrants and preferred stock (1) |
- | - | ||||||
|
Weighted average common shares outstanding - diluted |
5,453,632 | 4,014,848 | ||||||
|
Net (loss) from continuing operations attributable to common stockholders per common share – basic and diluted |
$ | (1.99 | ) | $ | (2.99 | ) | ||
|
Net (loss) from discontinued operations attributable to common stockholders per common share – basic and diluted |
(0.33 | ) | (0.49 | ) | ||||
|
(Loss) per common share - basic and diluted |
(2.32 | ) | (3.48 | ) | ||||
|
(1) |
The following is a summary of the number of underlying shares outstanding at the end of the respective periods that have been excluded from the diluted calculations because the effect on loss per common share would have been anti-dilutive: |
| Year Ended December 31, | ||||||||
|
2024 |
2023 |
|||||||
|
Options |
43,595 | 47,664 | ||||||
|
Warrants |
2,750,429 | 1,806,589 | ||||||
|
Preferred stock: Series B |
16 | 16 | ||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Mar 31, 2025 | Showing above |
| 2023 | Mar 28, 2024 | |
| 2022 | Mar 21, 2023 | |
| 2021 | Mar 31, 2022 | |
| 2020 | Mar 15, 2021 | |
| 2019 | Apr 1, 2020 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.