Volcon ePowersports, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

LOSS PER COMMON SHARE

LOSS PER COMMON SHARE

12 Months Ended

Dec. 31, 2023

NOTE 11 – 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.

Schedule of loss per common share
	Year ended			Year ended
	December 31, 2023			December 31, 2022

Numerator:

Net loss	$	(45,071,210	)	$	(34,235,405	)

Denominator:

Denominator for basic and diluted net loss per common share - weighted average of common shares		192,312			105,275

Basic and diluted net loss per common share	$	(234.37	)	$	(325.20	)

Common shares consisting of shares potentially dilutive as of December 31, 2023 and 2022 are as follows:


	2023		2022
Convertible Notes		521,206		53,677
Warrants		5,612,087		67,060
Stock options		19,066		14,694
Restricted stock units		–		336
Total		6,152,359		135,767