Company: MDCXW
Filing Date: 2025-05-30
Form Type: 424B3
Source: 0001062993-25-010580
Chunk: 228

Company: Medicus Pharma Ltd.
Filing Date: 2025-05-30
Form: 424B3
Chunk 228
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 | ) |
| Weighted average number of common shares outstanding during the year |   |                         |   9,619,184 |   |   |     |  3,479,494 |   |
| Basic and diluted net loss per share attributable to shareholders    | $ |                         |       (1.16 | ) | $ |     |      (1.53 | ) |

The Company’s potentially dilutive securities as of December 31, 2024 and 2023, include stock options, warrants, notes payable, convertible promissory notes and preferred shares. The Company excluded the potential ordinary shares outstanding at each period end from the computation of diluted net loss per share attributable to ordinary shareholders for the period ended December 31, 2024 and 2023 because including them would have had an anti-dilutive effect.

9. Income taxes

For the years ended December 31, 2024 and 2023, the total net loss and comprehensive loss is as follows:

|                                          |     | Year ended December 31, 
 2024                    |   |     | 2023       |   |
|:-----------------------------------------|:----|:------------------------|:--|:----|:-----------|:--|
| Loss attributed to US foreign operations |     | (4,968,344              | ) |     | (2,023,786 | ) |
| Loss attributed to Canadian operations   |     | (6,187,172              | ) |     | (3,290,979 | ) |
| Loss before income taxes                 |     | (11,155,516             | ) |     | (5,314,765 | ) |

A reconciliation from the US statutory income tax rate of 21% to the Company’s effective income tax rate, is as follows:

|                                               |     | Year ended December 31, 
                    2024 |   |     |       2023 |   |
|:----------------------------------------------|:----|------------------------:|:--|:----|-----------:|:--|
| Income tax recovery at the statutory tax rate |     |              (2,956,212 | ) |     | (1,408,413 | ) |
| Permanent differences                         |     |                 189,075 |   |     |    796,707 |   |
| Impact of tax rate changes                    |     |                  42,865 |   |     |    436,994 |