AMAZE HOLDINGS, INC. Earnings Per Share Disclosure
Basic net loss per share is determined by dividing net loss attributable to shareholders by the weighted-average shares outstanding during the period. Diluted EPS reflects potential dilution and is computed by dividing net loss by the weighted average number of common shares outstanding during the period increased by the numbers of additional common shares that would have been outstanding if all potential common shares had been issued and were dilutive. However, potentially dilutive securities are excluded from the computation of diluted EPS to the extent that their effect is anti-dilutive. The following table shows the components of diluted shares for the years ending:
| December 31, 2024 | December 31, 2023 | |||||||
| Numerator: | ||||||||
| Net loss | $ | (2,518,986 | ) | $ | (10,615,035 | ) | ||
| Less: dividends on preferred stock | 163,055 | 41,867 | ||||||
| Net loss attributable to common stockholders | $ | (2,682,041 | ) | $ | (10,656,902 | ) | ||
| Denominator: | ||||||||
| Basic – weighted shares outstanding | 16,114,964 | 15,329,617 | ||||||
| Dilutive effect from shares authorized | ||||||||
| Diluted – weighted shares outstanding | 16,114,964 | 15,329,617 | ||||||
| Basic loss per share | $ | (0.17 | ) | $ | (0.69 | ) | ||
| Diluted loss per share | $ | (0.17 | ) | $ | (0.69 | ) | ||
At December 31, 2024 and 2023, and potential shares have been excluded from the calculation of diluted weighted average shares outstanding as the inclusion of these shares would have an anti-dilutive effect.
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.