Company: OMQS
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010783
Chunk: 24

Company: OMNIQ Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 24
---
 for
annual periods beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied on a prospective basis;
however, retrospective application is permitted. The adoption of ASU 2023-09 is not expected to have a material impact on the Company’s
financial statements.

Net Loss Per Common Share

Net loss per share is provided in accordance with
FASB ASC 260-10, “Earnings per Share”. Basic net loss per common share (“EPS”) is computed by dividing income
available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share
is computed by dividing net income by the weighted average shares outstanding, assuming all dilutive potential common shares were issued,
unless doing so is anti-dilutive. The weighted-average number of common shares outstanding for computing basic EPS for the three-months
ended March 31, 2025, and 2024 were 10,712,930 and 10,688,340, respectively. Diluted net loss per share of common stock is the same as
basic net loss per share of common stock because the effects of potentially dilutive securities are antidilutive.

The following table sets forth the potentially dilutive
securities excluded from the computation of diluted net loss per share because such securities have an anti-dilutive impact due to losses
reported as of:

 SCHEDULE OF ANTI DILUTIVE SECURITIES EXCLUDES FROM COMPUTATION OF EARNING PER SHARE

    March 31, 2025  
    March 31, 2024 
  
    Options to purchase common stock 
     1,342,833  
     1,372,333 
  
    Warrants to purchase common stock 
     759,235  
     1,606,734 
  
    Potential shares excluded from diluted net loss per share 
     2,102,068  
     2,979,067 

    F-5

NOTE 2 – GOING CONCERN

The accompanying condensed consolidated financial
statements have been prepared assuming that we will continue as a going concern. The following are the principal conditions or events
which potentially raise substantial doubt about the company’s ability to continue as a going concern:

    ●
    Balancing the need for operational cash with the need to add additional products.

    ●
    Timely and cost-effective development of products

    ●
    Working capital deficit of $