| LOSS/EARNINGS PER SHARE |
NOTE 11 LOSS/EARNINGS PER
SHARE
Basic loss/earnings per share
data for each period presented is computed using the weighted average number of shares of common stock outstanding during each such period
and includes Pre-Funded Warrants (see Note 8) from their date of issuance. Diluted loss/earnings per share data is computed using the
weighted average number of common and dilutive common equivalent shares outstanding during each period. Dilutive common equivalent shares
consist of shares that would be issued upon the exercise of stock options and warrants, computed using the treasury stock method.
A reconciliation of basic and
diluted earnings/loss per share is as follows:
| Schedule of reconciliation of basic and diluted earnings per share | |
| | | |
| | |
| | |
For the Fiscal Years Ended | |
| | |
September 30, | |
| | |
2025 | | |
2024 | |
| Numerator: | |
| | | |
| | |
| Loss from continuing operations | |
$ | (169,088,979 | ) | |
$ | (2,166,179 | ) |
| Less deemed dividend on Series B Convertible Preferred Stock | |
| (29,444 | ) | |
| – | |
| Loss from continuing operations attributable to common shareholders | |
| (169,118,423 | ) | |
| (2,166,179 | ) |
| Income from discontinued operations, net of tax | |
| 2,114,639 | | |
| 215,592 | |
| Net loss attributable to common shareholders | |
$ | (167,003,784 | ) | |
$ | (1,950,587 | ) |
| | |
| | | |
| | |
| Denominator: | |
| | | |
| | |
| Weighted average common shares outstanding | |
| 6,791,173 | | |
| 1,101,069 | |
| Dilutive common share equivalents | |
| – | | |
| – | |
| Weighted average dilutive shares outstanding | |
| 6,791,173 | | |
| 1,101,069 | |
| | |
| | | |
| | |
| Basic loss per share : | |
| | | |
| | |
| Basic loss per share from continuing operations | |
$ | (24.90 | ) | |
$ | (1.97 | ) |
| Basic earnings per share from discontinued operations | |
| 0.31 | | |
| 0.20 | |
| Basic loss per share attributable to common shareholders | |
$ | (24.59 | ) | |
$ | (1.77 | ) |
| | |
| | | |
| | |
| Diluted loss per share: | |
| | | |
| | |
| Diluted loss per share from continuing operations | |
$ | (24.90 | ) | |
$ | (1.97 | ) |
| Diluted earnings per share from discontinued operations | |
| 0.31 | | |
| 0.20 | |
| Diluted loss per share attributable to common shareholders | |
$ | (24.59 | ) | |
$ | (1.77 | ) |
The following options and warrants
were excluded from the calculation of diluted earnings per share in Fiscal 2025 and Fiscal 2024 because their inclusion would have been
anti-dilutive:
| Schedule of anti-dilutive shares | |
| | | |
| | |
| | |
For the Fiscal Years Ended | |
| | |
September 30, | |
| | |
2025 | | |
2024 | |
| Options | |
| 326,600 | | |
| 81,400 | |
| Warrants | |
| 13,495,000 | | |
| 7,500 | |
| Total potentially dilutive shares | |
| 13,821,600 | | |
| 88,900 | |
|