| SCHEDULE OF DEEMED DIVIDEND |
For the three and nine months ended June 30, 2024, the Company recorded a deemed dividend of $730,002 as a result
of a triggered down-round feature in the Company’s warrants, and as a result, the amount was reflected as an increase to the net
loss attributed to common shareholders in the basic EPS calculation.
SCHEDULE OF DEEMED DIVIDEND
| |
|
June 30, 2024
|
|
|
June 30, 2023
|
|
|
June 30, 2024
|
|
|
June 30, 2023
|
|
| |
|
For the three months ended |
|
|
For the nine months ended |
|
| |
|
June 30, 2024
|
|
|
June 30, 2023
|
|
|
June 30, 2024
|
|
|
June 30, 2023
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(5,654,681 |
) |
|
$ |
(1,823,107 |
) |
|
$ |
(9,805,472 |
) |
|
$ |
(4,525,640 |
) |
| Deemed dividend |
|
|
(730,002 |
) |
|
|
— |
|
|
|
(730,002 |
) |
|
|
— |
|
| Net loss attributed to common shareholders, numerator, basic computation |
|
$ |
(6,384,683 |
) |
|
$ |
(1,823,107 |
) |
|
$ |
(10,535,474 |
) |
|
$ |
(4,525,640 |
) |
|
| SCHEDULE OF BASIC AND DILUTED LOSS PER SHARE POTENTIAL DILUTIVE SECURITIES |
For
the periods ended June 30, 2024 and 2023, the calculations of basic and diluted loss per share are the same because potentially dilutive
securities would have had an anti-dilutive effect. The potentially dilutive securities consisted of the following:
SCHEDULE
OF BASIC AND DILUTED LOSS PER SHARE POTENTIAL DILUTIVE SECURITIES
| |
|
June 30, 2024
|
|
|
June 30, 2023
|
|
| |
|
|
|
|
|
|
| Stock options |
|
|
88,275 |
|
|
|
104,325 |
|
| Stock warrants |
|
|
29,736,656 |
|
|
|
988,417 |
|
| Convertible notes payable |
|
|
18,776,444 |
|
|
|
798,675 |
|
| Total |
|
|
48,601,375 |
|
|
|
1,891,417 |
|
|