Volcon ePowersports, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

LOSS PER COMMON SHARE

LOSS PER COMMON SHARE

9 Months Ended

Sep. 30, 2024

NOTE 12 – LOSS PER COMMON SHARE

The basic net loss per common share is calculated by dividing the Company’s net loss available to common stockholders by the weighted average number of common shares during the year. The diluted net loss per common share is calculated by dividing the Company’s net loss available to common stockholders by the diluted weighted average number of common shares outstanding during the year. The diluted weighted average number of common shares outstanding is the basic weighted number of common shares adjusted for any potentially dilutive debt or equity. Diluted net loss per common share is equal to basic net loss per share due to the Company’s net loss and any potentially issuable shares are anti-dilutive.

Schedule of loss per common share
	Three months			Three months			Nine months			Nine months
	September 30, 2024			September 30, 2023			September 30, 2024			September 30, 2023

Numerator:

Net loss	$	(13,638,478	)	$	(11,327,896	)	$	(40,292,940	)	$	(41,655,559	)

Denominator:

Denominator for basic and diluted net loss per common share - weighted average of common shares		569,873			171			211,341			153

Basic and diluted net loss per common share	$	(23.93	)	$	(66,245.01	)	$	(190.65	)	$	(272,258.56	)

Common shares consisting of shares potentially dilutive as of September 30, 2024 and 2023 are as follows:

Schedule of shares potentially dilutive
	September 30, 2024		September 30, 2023
Convertible Notes		–		325
Warrants		95,797		161
Stock options		6,289		28
Restricted stock units		–		1
Total		102,086		515