NET INCOME (LOSS) PER SHARE OF COMMON STOCK

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER SHARE OF COMMON STOCK

NOTE– 11 NET INCOME (LOSS) PER SHARE OF COMMON STOCK

Basic net (loss) income per share is computed using the weighted average number of shares of common stock outstanding during the periods. The dilutive effect of potential common stock outstanding is included in diluted net (loss) income per share of common stock. The following table sets forth the computation of basic and diluted net loss per share for the three and six months ended June 30, 2024 and 2023:

	Three Months ended June 30,
	2024		2023
Net income (loss) for basic and diluted attributable to Vivic Corp - continuing operations	$	425,222	$	(82,737	)
Net income (loss) for basic and diluted attributable to Vivic Corp – discontinued operations		-		113,776
Weighted average common stock outstanding – Basic		26,657,921		25,974,160
Dilutive impact of preferred stock		832,000		832,000
Weighted average common stock outstanding – Diluted		27,489,921		26,806,160
Net income (loss) per share of common stock – basic, continuing operations		0.02		(0.00	)
Net income (loss) per share of common stock – diluted, continuing operations		0.02		(0.00	)
Net income (loss) per share of common stock – basic and diluted, discontinued operations	$	-	$	(0.01	)

	Six Months ended June 30,
	2024		2023
Net income (loss) for basic and diluted attributable to Vivic Corp - continuing operations	$	1,035,387	$	(188,283	)
Net income (loss) for basic and diluted attributable to Vivic Corp – discontinued operations		-		(112,905	)
Weighted average common stock outstanding – Basic		26,657,921		25,761,666
Dilutive impact of preferred stock		832,000		832,000
Weighted average common stock outstanding – Diluted		27,489,921		25,761,666
Net income (loss) per share of common stock – basic, continuing operations		0.04		(0.01	)
Net income (loss) per share of common stock – diluted, continuing operations		0.04		(0.01	)
Net income (loss) per share of common stock – basic and diluted, discontinued operations	$	-	$	(0.01	)