Reliance Global Group, Inc. Earnings Per Share Disclosure
Basic earnings per common share (“EPS”) applicable to common stockholders is computed by dividing earnings applicable to common stockholders by the weighted-average number of common shares outstanding.
| For the Years Ended December 31, | ||||||||
| 2024 | 2023 | |||||||
| Loss from continuing operations | $ | (9,071,584 | ) | $ | (10,025,268 | ) | ||
| Deemed dividend | (2,539,757 | ) | ||||||
| Loss from continuing operations, numerator, basic | (9,071,584 | ) | (12,565,025 | ) | ||||
| Loss from continuing operations, numerator, diluted | $ | (9,071,584 | ) | $ | (12,565,025 | ) | ||
| Weighted average common shares, basic | 1,007,020 | 165,899 | ||||||
| Effect of weighted average vested stock awards | ||||||||
| Diluted weighted average shares outstanding | 1,007,020 | 165,899 | ||||||
| Basic loss per common share from continuing operations: | $ | (9.01 | ) | $ | (75.74 | ) | ||
| Diluted loss per common share from continuing operations: | $ | (9.01 | ) | $ | (75.74 | ) | ||
| For the years ended December 31, | ||||||||
| 2024 | 2023 | |||||||
| Shares subject to outstanding common stock options | 16 | 643 | ||||||
| Shares subject to outstanding Series A warrants | 6,647 | 6,647 | ||||||
| Shares subject to outstanding Series B Warrants and PAW | 959 | 51,939 | ||||||
| Shares subject to outstanding Series G warrants and PA Warrants | 3,096 | 250,774 | ||||||
| Shares subject to unvested stock awards | 52 | 218 | ||||||
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.