NOTE 16 –NET LOSS PER SHARE

 

Basic and diluted net loss per share was calculated as follows for the years ended December 31, 2025 and 2024:

 

 

 

For the Year Ended December 31,

 

 

 

2025

 

 

2024

 

Basic and diluted net income (loss) per share:

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

Loss from continuing operations

 

$

(3,097,848

)

 

$

(15,168,287

)

Income from discontinued operations

 

$

8,185,542

 

 

$

1,533,954

 

Net income (loss)

 

$

5,087,694

 

 

$

(13,634,333

)

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

 

22,403,267

 

 

 

20,953,397

 

Effect of dilutive securities

 

 

802,437

 

 

 

479,493

 

Weighted average common shares outstanding - diluted

 

 

23,205,705

 

 

 

21,432,890

 

Net income (loss) per common share:

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

Continuing operations

 

$

(0.14

)

 

$

(0.72

)

Discontinued operations

 

$

0.37

 

 

$

0.07

 

Basic income (loss) per share

 

$

0.23

 

 

$

(0.65

)

 

 

 

 

 

 

 

Diluted:

 

 

 

 

 

 

Continuing operations

 

$

(0.14

)

 

$

(0.72

)

Discontinued operations

 

$

0.35

 

 

$

0.07

 

Diluted income (loss) per share

 

$

0.22

 

 

$

(0.65

)

 

 

 

 

 

 

 

 

Historical Timeline

Fiscal YearFiled
2025Mar 18, 2026Showing above
2024Mar 19, 2025
2023Mar 21, 2024
2022Mar 23, 2023
2021Mar 24, 2022
2020Mar 25, 2021

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.