Note 13. Net Earnings Per Share
Net earnings per share is computed by dividing
net income by the weighted average number of common shares and common share equivalents outstanding during the periods presented. In
calculating diluted earnings per share, those potential common shares that are found to be anti-dilutive are excluded from the calculation.
The table below provides a summary of the numerators and denominators used in determining basic and diluted earnings per share for the
three and nine months ended September 30, 2025 and 2024 (in thousands, except per share amounts).
Schedule of Numerators and Denominators Used in Calculation of Basic and Diluted Earnings Per Share
| | |
| | |
| | |
| | |
| |
| | |
Three Months Ended
September 30, | | |
Nine Months Ended
September 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Basic and diluted: | |
| | | |
| | | |
| | | |
| | |
| Net income loss from continuing operations | |
$ | (3,137 | ) | |
$ | (5,581 | ) | |
$ | (7,384 | ) | |
$ | (18,133 | ) |
| Net loss attributable to non-controlling interest | |
| - | | |
| - | | |
| - | | |
| 160 | |
| Dividends declared on Series A Preferred Shares | |
| (447 | ) | |
| (447 | ) | |
| (1,341 | ) | |
| (963 | ) |
| Income (loss) attributable to FG Nexus common shareholders from
continuing operations | |
$ | (3,584 | ) | |
$ | (6,028 | ) | |
$ | (8,725 | ) | |
$ | (18,936 | ) |
| Weighted average common shares outstanding | |
| 11,713 | | |
| 1,143 | | |
| 4,792 | | |
| 986 | |
| Loss per common share from continuing operations | |
$ | (0.31 | ) | |
$ | (5.27 | ) | |
$ | (1.82 | ) | |
$ | (19.20 | ) |
The following potentially dilutive securities
outstanding as of September 30, 2025 and 2024 have been excluded from the computation of diluted weighted-average shares outstanding
as their effect would be anti-dilutive.
Schedule of Potentially Dilutive Securities Excluded from Calculation
| | |
| | |
| |
| | |
As of September 30, | |
| | |
2025 | | |
2024 | |
| Options to purchase common stock | |
| 26,490 | | |
| 37,210 | |
| Restricted stock units | |
| - | | |
| 32,943 | |
| Warrants | |
| 4,382,580 | | |
| 22,580 | |
| Pre-Funded Warrants | |
| 3,473,189 | | |
| - | |
|