EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2023

NOTE 9 – EARNINGS PER SHARE

FASB ASC Topic 260, Earnings Per Share, requires a reconciliation of the numerator and denominator of the basic and diluted earnings (loss) per share (“EPS”) computations.

Basic earnings (loss) per share are computed by dividing net earnings available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. In periods where losses are reported, the weighted-average number of common stock outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive.

The following potentially dilutive securities were excluded from the calculation of diluted net loss per share because the effects were anti-dilutive based on the application of the treasury stock method and because the Company incurred net losses during the period:

Schedule of anti-dilutive shares
	Years Ended December 31,
	2023		2022
Convertible notes payable		12,600,000		21,475,721
Series A convertible preferred stock		500,000,000		500,000,000
Series B convertible preferred stock		48,100,000		5,000,000
Total potentially dilutive shares		560,700,000		526,475,721

The following table sets forth the computation of basic and diluted net income per share:

Schedule of earning per share
	Years Ended December 31,
	2023			2022
Net loss attributable to the common stockholders	$	(9,258,849	)	$	(5,466,473	)

Basic weighted average outstanding shares of common stock		73,269,271			71,354,434
Dilutive effect of options and warrants		–			–
Diluted weighted average common stock and common stock equivalents		73,269,271			71,354,434

Loss per share:
Basic and diluted	$	(0.13	)	$	(0.08	)

Thunder Energies Corp 10-K