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

3 Months Ended

Mar. 31, 2023

NOTE 10 – 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 earnings per share
	Three Months Ended			Three Months Ended
	March 31, 2023			March 31, 2022

Numerator:

Net loss	$	(7,299,469	)	$	(8,612,345	)

Denominator:

Denominator for basic and diluted net loss per common share - weighted average of common shares		24,535,131			21,745,089

Basic and diluted net loss per common share	$	(0.30	)	$	(0.40	)

Common shares consisting of shares potentially dilutive as of three month ended March 31, 2023 and 2022 are as follows:

Schedule of anti-dilutive shares
	2023	2022
Convertible Notes	12,077,295		–
Warrants	15,085,618		5,501,293
Stock options	3,405,497		2,369,729
Restricted stock units	50,000		335,000
Total	30,618,410		8,206,022