Earnings Per Share

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Earnings Per Share

Note 13. Earnings Per Share

Basic net income per common share is calculated by dividing the net income attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration for potentially dilutive securities. Diluted net income per share is computed by dividing the net income attributable to common stockholders by the weighted average number of common shares and potentially dilutive securities outstanding for the period. For the Company’s diluted earnings per share calculation, the Company uses the “if-converted” method for preferred stock and convertible debt and the “treasury stock” method for Warrants and Options.

For the three months ended March 31	2025			2024
Net (loss)/profit	$	(313,627	)	$	2,049,676
Weighted average shares outstanding – basic		2,786,538			2,760,680
Basic net (loss)/earnings per share	$	(0.11	)	$	0.74
Weighted average shares outstanding – diluted		2,786,538			2,813,404
Diluted net (loss)/earnings per share	$	(0.11	)	$	0.73

	Three months ended
Weighted average shares calculation – basic	March 31, 2025		March 31, 2024
Company public shares		196,330		196,330
Company initial stockholders		170,159		170,159
PCCU stockholders		1,129,307		1,129,307
Issuance of Equity for Marketing Services		12,116		-
Shares issued for Abaca acquisition		396,790		396,790
Restricted stock units issued		68,276		65,404
Conversion of Preferred stock		813,560		802,690
Grand total		2,786,538		2,760,680

	Three months ended
Weighted average shares calculation - diluted	March 31, 2025		March 31, 2024
Shares used in computation of basic earnings per share		2,786,538		2,760,680
Shares to be issued to Abaca shareholders		-		37,500
Share based payments		-		10,783
Conversion of preferred stock		-		4,441
Grand total		2,786,538		2,813,404

Certain share-based equity awards and warrants were excluded from the computation of dilutive earnings per share because inclusion of these awards would have had an anti-dilutive effect. The following table reflects the awards excluded.

	Three months ended
	March 31, 2025		March 31, 2024
Shares to be issued to Abaca shareholders		37,500		-
Share based payments		3,312		-
Conversion of preferred stock		4,440		-
Warrants		601,829		639,329
Share-based payments		211,512		124,987
Grand total		858,593		764,316

The holders of Series A Convertible Preferred Stock shall be entitled to receive, and the Company shall pay, dividends on shares of Series A Convertible Preferred Stock equal (on an as-if-converted-to-Class-A-Common-Stock basis) to and in the same form as dividends actually paid on shares of the Class A Common Stock when, as and if such dividends are paid on shares of the Class A Common Stock. No other dividends shall be paid on shares of Series A Convertible Preferred Stock.