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, 2024

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. 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 Ended			Three Months Ended
	March 31, 2024			March 31, 2023

Numerator:
Net loss	$	(26,048,044	)	$	(7,299,469	)

Denominator:
Denominator for basic and diluted net loss per common share - weighted average of common shares		7,968,457			109,046

Basic and diluted net loss per common share	$	(3.27	)	$	(66.94	)

Common shares consisting of shares potentially dilutive as of three months ended March 31, 2024 and 2023 are as follows:

Schedule of antidilutive shares
	2024		2023
Convertible Notes		–		53,677
Warrants		14,717,191		67,048
Stock options		14,412		15,136
Preferred stock		16,849,627		–
Restricted stock units		–		223
Total		31,581,230		136,084