Common Stock

3 Months Ended

Mar. 31, 2025

5.Common Stock

The Company has authorized capital stock consisting of 85,000,000 shares of common stock, par value $0.001 per share, of which 27,500,000 shares have been designated as Class A Common Stock, 4,000,000 have been designated as Class B Common Stock, 38,000,000 have been designated as Class C Common Stock and 15,500,000 have been designated as Class F Common Stock.

Loss per Share

The following table represents the Company’s loss per share for the three and three months ended March 31:


	Three Months Ended
	2025		2024
Numerator:
Net loss attributable to controlling interests	$	(37,416,910)	$	(14,844,084)

Denominator:
Weighted average basic shares outstanding		27,217,011		25,000,518
Effect of dilutive shares		—		—
Weighted average diluted shares		27,217,011		25,000,518

Basic loss per share	$	(1.375)	$	(0.594)
Diluted loss per share	$	(1.375)	$	(0.594)

Basic loss per share includes no dilution and is computed by dividing net income available to common stockholders by the weighted average common shares outstanding for the period. Diluted loss per share is calculated similarly 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 common shares were dilutive. All potential common shares were anti-dilutive as a result of the Company’s net losses during the three months ended March 31, 2025 and 2024. If the Company had income during the three months ended March 31, 2025 and 2024, the number of dilutive shares should be 2,978,669 and 2,005,008, respectively.

- Definition

The entire disclosure for equity.

+ References

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+ Details

Angel Studios, Inc. 10-Q