| SCHEDULE OF RECONCILIATION OF BASIC AND DILUTED COMMON SHARES OUTSTANDING |
The
following tables provide a reconciliation of the data used in the calculation of basic and diluted ordinary shares outstanding for the
three-month period ended September 30, 2025, the three-month period ended September 30, 2024, the nine-month period ended September 30,
2025, and the nine-month period ended September 30, 2024, respectively.
SCHEDULE OF RECONCILIATION OF BASIC AND DILUTED COMMON SHARES OUTSTANDING
| Date | |
Transaction Detail | |
Change in Shares | | |
Three-month period ended September 30, 2025, Weighted Average
Ordinary Shares
Outstanding | |
| July 1, 2025 | |
Beginning Balance | |
| | | |
| 96,452,967 | |
| July 1, 2025 | |
Warrant exchange (Note 9) | |
| 3,543,571 | | |
| 3,505,054 | |
| August 14, 2025 | |
Equity-classified Restricted Stock Issuance | |
| 777,245 | | |
| 397,071 | |
| September 5, 2025 | |
Equity-classified Restricted Stock Issuance | |
| 1,977 | | |
| 537 | |
| September 12, 2025 | |
Equity-classified Restricted Stock Issuance | |
| 1,999 | | |
| 391 | |
| September 30, 2025 | |
Ending Balance | |
| | | |
| 100,356,020 | |
| Date | |
Transaction Detail | |
Change in Shares | | |
Three-month period ended September 30, 2024, Weighted
Average
Ordinary
Shares
Outstanding | |
| July 1, 2024 | |
Beginning Balance | |
| | | |
| 95,408,453 | |
| August 14, 2024 | |
Equity-classified Restricted Stock Issuance | |
| 38,758 | | |
| 19,800 | |
| September 30, 2024 | |
Ending Balance | |
| | | |
| 95,428,253 | |
| Date | |
Transaction Detail | |
Change in Shares | | |
Nine-month period ended September 30, 2025, Weighted Average
Ordinary Shares
Outstanding | |
| January 1, 2025 | |
Beginning Balance | |
| | | |
| 96,045,856 | |
| January 6, 2025 | |
Settlement of liability-classified share-based compensation | |
| 61,353 | | |
| 60,005 | |
| February 17, 2025 | |
Equity-classified Restricted Stock Issuance | |
| 666 | | |
| 549 | |
| February 27, 2025 | |
Equity-classified Restricted Stock Issuance | |
| 1,000 | | |
| 788 | |
| March 17, 2025 | |
Equity-classified Restricted Stock Issuance | |
| 12,430 | | |
| 8,970 | |
| March 18, 2025 | |
Equity-classified Restricted Stock Issuance | |
| 231,661 | | |
| 166,321 | |
| April 22, 2025 | |
Settlement of liability-classified share-based compensation | |
| 100,001 | | |
| 58,975 | |
| July 1, 2025 | |
Warrant exchange (Note 9) | |
| 3,543,571 | | |
| 1,181,190 | |
| August 14, 2025 | |
Equity-classified Restricted Stock Issuance | |
| 777,245 | | |
| 133,811 | |
| September 5, 2025 | |
Equity-classified Restricted Stock Issuance | |
| 1,977 | | |
| 181 | |
| September 12, 2025 | |
Equity-classified Restricted Stock Issuance | |
| 1,999 | | |
| 131 | |
| September 30, 2025 | |
Ending Balance | |
| | | |
| 97,656,777 | |
| Date | |
Transaction Detail | |
Change in Shares | | |
Nine-month period ended
September 30, 2024, Weighted
Average
Ordinary
Shares
Outstanding | |
| January 1, 2024 | |
Beginning Balance | |
| | | |
| 94,996,397 | |
| January 9, 2024 | |
Equity-classified Restricted Stock Issuance | |
| 333 | | |
| 322 | |
| March 17, 2024 | |
Equity-classified Restricted Stock Issuance | |
| 12,751 | | |
| 9,168 | |
| March 18, 2024 | |
Equity-classified Restricted Stock Issuance | |
| 242,455 | | |
| 173,435 | |
| March 19, 2024 | |
Equity-classified Restricted Stock Issuance | |
| 235,741 | | |
| 167,772 | |
| April 1, 2024 | |
Equity-classified Restricted Stock Issuance | |
| 1,774 | | |
| 1,198 | |
| April 23, 2024 | |
Equity-classified Restricted Stock Issuance | |
| 1,333 | | |
| 778 | |
| May 2, 2024 | |
Return of shares from W.D. Van Gonten Engineering | |
| (82,331 | ) | |
| (45,372 | ) |
| August 14, 2024 | |
Equity-classified Restricted Stock Issuance | |
| 38,758 | | |
| 6,648 | |
| September 30, 2024 | |
Ending Balance | |
| | | |
| 95,310,346 | |
|
| SCHEDULE OF BASIC AND DILUTED EARNINGS PER COMMON SHARE |
The
following tables provide the computation of basic and diluted earnings per share (“EPS”), for the three-month period ended
September 30, 2025, the three-month period ended September 30, 2024, the nine-month period ended September 30, 2025, and the nine-month
period ended September 30, 2024, respectively.
SCHEDULE OF BASIC AND DILUTED EARNINGS PER COMMON SHARE
| | |
For the three-month period ended | |
| | |
September 30, 2025 | | |
September 30, 2024 | |
| | |
Net income to Ordinary Shareholders | | |
Weighted-average ordinary shares outstanding | | |
EPS | | |
Net income to Ordinary Shareholders | | |
Weighted-average ordinary shares outstanding | | |
EPS | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Basic EPS - ordinary shares | |
$ | 17,737 | | |
| 100,356,020 | | |
$ | 0.18 | | |
$ | 20,618 | | |
| 95,428,253 | | |
$ | 0.22 | |
| Restricted stock units | |
| | | |
| 368,270 | | |
| | | |
| | | |
| 225,705 | | |
| | |
| Antidilution sequencing - subtotal | |
| 17,737 | | |
| 100,724,290 | | |
| 0.18 | | |
| 20,618 | | |
| 95,653,958 | | |
| 0.22 | |
| 35,540,380 warrants @ $5.75 per half share | |
| | | |
| | | |
| | | |
| | | |
| - | | |
| | |
| Diluted EPS - ordinary shares | |
$ | 17,737 | | |
| 100,724,290 | | |
$ | 0.18 | | |
$ | 20,618 | | |
| 95,653,958 | | |
$ | 0.22 | |
| | |
For the nine-month period ended | |
| | |
September 30, 2025 | | |
September 30, 2024 | |
| | |
Net income to Ordinary Shareholders | | |
Weighted-average ordinary shares outstanding | | |
EPS | | |
Net income to Ordinary Shareholders | | |
Weighted-average ordinary shares outstanding | | |
EPS | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Basic EPS - ordinary shares | |
$ | 43,329 | | |
| 97,656,777 | | |
$ | 0.44 | | |
$ | 49,473 | | |
| 95,310,346 | | |
$ | 0.52 | |
| Restricted stock units | |
| | | |
| 294,401 | | |
| | | |
| | | |
| 214,412 | | |
| | |
| Antidilution sequencing - subtotal | |
| 43,329 | | |
| 97,951,178 | | |
| 0.44 | | |
| 49,473 | | |
| 95,524,758 | | |
| 0.52 | |
| 35,540,380 warrants @ $5.75 per half share | |
| | | |
| | | |
| | | |
| | | |
| - | | |
| | |
| Diluted EPS - ordinary shares | |
$ | 43,329 | | |
| 97,951,178 | | |
$ | 0.44 | | |
$ | 49,473 | | |
| 95,524,758 | | |
$ | 0.52 | |
|