| SCHEDULE OF LOSS PER SHARE BASIS OF REVERSE STOCK SPLIT |
The
unaudited pro forma tables below show the losses per share prior to the reverse split and following the reverse split. A key
assumption to the loss per share calculation is that post-reverse split price is equal to the pre-reverse split times the number of
shares from the ratio.
SCHEDULE OF LOSS PER SHARE BASIS OF REVERSE
STOCK SPLIT
| Historical per share data – (Pre- Split basis) |
|
Year Ended June 30, 2024
|
|
|
Year Ended June 30, 2023
|
|
| |
|
|
|
|
|
|
| Net loss available to Common Stockholders |
|
$ |
2,013,488 |
|
|
$ |
3,126,839 |
|
| Basic and diluted weighted average shares outstanding |
|
|
85,045,339 |
|
|
|
1,738,802 |
|
| Basic and diluted net loss per share |
|
$ |
0.02 |
|
|
$ |
1.80 |
|
The assumption inherent in the table below is a reverse
split of 1:100,000.
| Historical per share data – (Post- Split basis) |
|
Year Ended June 30, 2024
|
|
|
Year Ended June 30, 2023
|
|
| |
|
|
|
|
|
|
| Net loss available to Common Stockholders |
|
$ |
2,013,488 |
|
|
$ |
3,126,839 |
|
| Basic and diluted weighted average shares outstanding |
|
|
850 |
|
|
|
17 |
|
| Basic and diluted net loss per share |
|
$ |
2,368.81 |
|
|
$ |
183,931.71 |
|
The table below shows the
loss per share effect of reverse stock splits at 1:10,000, 1:50,000 and 1:100,000:
| |
|
Year Ended
June 30, 2024 |
|
|
Year Ended
June 30, 2023 |
|
|
Year Ended
June 30, 2024 |
|
|
Year Ended
June 30, 2023 |
|
|
Year Ended
June 30, 2024 |
|
|
Year Ended
June 30, 2023 |
|
| Split Ratio |
|
1:10,000 |
|
|
1:50,000 |
|
|
1:100,000 |
|
| |
|
Year Ended
June 30, 2024 |
|
|
Year Ended
June 30, 2023 |
|
|
Year Ended
June 30, 2024 |
|
|
Year Ended
June 30, 2023 |
|
|
Year Ended
June 30, 2024 |
|
|
Year Ended
June 30, 2023 |
|
| Net losses available to common stockholders |
|
$ |
2,013,488 |
|
|
$ |
3,126,839 |
|
|
$ |
2,013,488 |
|
|
$ |
3,126,839 |
|
|
$ |
2,013,488 |
|
|
$ |
3,126,839 |
|
| Weighted Average Shares Outstanding |
|
|
8,505 |
|
|
|
174 |
|
|
|
1,701 |
|
|
|
35 |
|
|
|
850 |
|
|
|
17 |
|
| Loss per share |
|
$ |
236.74 |
|
|
$ |
17,970 |
|
|
$ |
1,183.71 |
|
|
$ |
89,338.26 |
|
|
$ |
2,368.81 |
|
|
$ |
183,931.71 |
|
|