NET INCOME (LOSS) PER SHARE OF COMMON STOCK

6 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER SHARE OF COMMON STOCK

NOTE– 13 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 months ended December 31, 2024 and 2023:

	Three Months ended December 31,
	2024			2023
Net loss for basic and diluted attributable to Vivic Corp - continuing operations	$	(962,685	)	$	(33,017	)
Net income for basic and diluted attributable to Vivic Corp – discontinued operations		-			-
Weighted average common stock outstanding – Basic		27,406,313			26,657,921
Dilutive impact of preferred stock		-			-
Weighted average common stock outstanding – Diluted		27,406,313	*		26,657,921	*
Net loss per share of common stock – basic, continuing operations		(0.04	)		(0.00	)
Net loss per share of common stock – diluted, continuing operations		(0.04	)		(0.00	)
Net income (loss) per share of common stock – basic, discontinued operations		-			-
Net income (loss) per share of common stock –diluted, discontinued operations	$	-		$	-

	Six Months ended December 31,
	2024			2023
Net loss for basic and diluted attributable to Vivic Corp - continuing operations	$	(1,547,193	)	$	(53,077	)
Net income for basic and diluted attributable to Vivic Corp – discontinued operations		-			1,859,207
Weighted average common stock outstanding – Basic		27,035,921			26,657,921
Dilutive impact of preferred stock		-			8,320,000
Weighted average common stock outstanding – Diluted		27,035,921	*		34,977,921	*
Net loss per share of common stock – basic, continuing operations		(0.06	)		(0.00	)
Net loss per share of common stock – diluted, continuing operations		(0.06	)		(0.00	)
Net income (loss) per share of common stock – basic, discontinued operations		-			0.07
Net income (loss) per share of common stock –diluted, discontinued operations	$	-		$	0.05

* net loss per share was the same for the basic and diluted weighted average shares outstanding for the three months ended December 31, 2024 and 2023 due to anti-dilution feature resulting from the net loss from both continuing operations and discontinued operations.