| SCHEDULE OF RECONCILIATION OF BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE |
The
following is a reconciliation of basic and diluted earnings (loss) per common share for the three months ended March 31, 2026 and 2025:
SCHEDULE
OF RECONCILIATION OF BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE
| | |
2026 | | |
2025 | |
| | |
For the Three Months Ended | |
| | |
March 31, | |
| | |
2026 | | |
2025 | |
| Basic earnings (loss) per common share | |
| | | |
| | |
| Numerator: | |
| | | |
| | |
| Net income (loss) available to common shareholders | |
$ | (132,074 | ) | |
$ | 103,455 | |
| Denominator: | |
| | | |
| | |
| Weighted average common shares outstanding | |
| 158,520,409 | | |
| 156,637,143 | |
| | |
| | | |
| | |
| Basic earnings per common share | |
$ | (0.00 | ) | |
$ | 0.00 | |
| Diluted earnings (loss) per common share | |
| | | |
| | |
| Numerator: | |
| | | |
| | |
| Net income (loss) available to common shareholders | |
$ | (132,074 | ) | |
$ | 103,455 | |
| Derivative (gain) loss associated with convertible debt | |
| (47,364 | ) | |
| 3,339 | |
| Add convertible debt interest | |
| 2,325 | | |
| 2,325 | |
| Net income available to common shareholders | |
$ | (177,113 | ) | |
$ | 109,119 | |
| Denominator: | |
| | | |
| | |
| Weighted average common shares outstanding | |
| 158,520,409 | | |
| 156,637,143 | |
| Preferred shares | |
| 20,000,000 | | |
| 20,000,000 | |
| Convertible debt | |
| 10,464,442 | | |
| 7,423,347 | |
| Adjusted weighted average common shares outstanding | |
| 188,984,851 | | |
| 184,060,490 | |
| | |
| | | |
| | |
| Diluted earnings (loss) per common share | |
$ | (0.00 | ) | |
$ | 0.00 | |
|