Company: SHPH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001493152-25-008300
Chunk: 958

Company: Shuttle Pharmaceuticals Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 5
Chunk 958
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 share as the result of the computation was anti-dilutive.

 Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

    December 31,  
    December 31, 

    2024  
    2023 

    Convertible notes (Note 5) 
     805,347  
     119,939 
  
    Warrants (Note 7) 
     3,337,021  
     184,000 
  
    Restricted stock units (Note 7) 
     1,084,639  
     24,731 

     5,227,007  
     328,670 

Recently
Adopted Accounting Pronouncements

In
November 2023, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (“ASU”) 2023-07, with
the goal of enhancing segment disclosures under Topic 280 – Segment Reporting. This Update is applicable for all public entities.
The amendments in this Update are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years
beginning after December 15, 2024, with early adoption permitted. The Company adopted the provisions of ASU 2023-07 as of January 1,
2024, for the fiscal years ended December 31, 2024 and 2023 using the retrospective approach (Note 9).

Recently
Issued Accounting Pronouncements

In
December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires
disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid.
The guidance is effective for the Company’s fiscal years beginning after December 15, 2024, with early adoption permitted. The
Company does not expect the adoption of this standard to have any material impact on its financial statements.

On
November 4, 2024, the FASB issued ASU 2024-03, “Disaggregation of Income Statement Expenses (“DISE”),” which
requires disaggregated disclosure of income statement expenses for public business entities. The ASU does not change the expense captions
an entity presents on the face of the income statement; rather, it requires disaggregation of certain expense captions into specified
categories in disclosures within the notes to