Note 12 – Earnings Per Share

 

The following table* sets forth the computation of basic net income (loss) per share:

        
Year Ended December 31,  2025   2024 
Net gain (loss) attributable to common stock  $(5,975,352)  $(5,134,116)
Weighted average outstanding shares of common stock (Basic)   4,157,086    701,749 
Net gain (loss) per share attributable to common stock (Basic)  $(1.44)  $(7.32)

* Diluted net gain (loss) per share is not included in this table as the Company incurred net losses for the years ended December 31, 2025 and 2024 and inclusion of dilutive instruments would have an anti-dilutive effect.

 

Historical Timeline

Fiscal YearFiled
2025Apr 3, 2026Showing above
2024Apr 1, 2025
2023Mar 28, 2024
2022Apr 4, 2023
2021Mar 21, 2022
2020Mar 30, 2021
2019May 1, 2020
2018Apr 12, 2019
2017Apr 2, 2018
2016Apr 17, 2017
2015Mar 25, 2016

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.