Company: LAAI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006093
Chunk: 7

Company: Loan Artificial Intelligence Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 in such proceedings,
the Company evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount
of relief sought or expected to be sought therein.

If the assessment of a contingency indicates that
it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would
be accrued in the Company’s financial statements. If the assessment indicates that a potential material loss contingency is not
probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate
of the range of possible losses, if determinable and material, would be disclosed.

Loss contingencies considered remote are generally
not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon
information available at this time, that these matters will have a material adverse effect on the Company’s financial position,
results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company’s
business, financial position, and results of operations or cash flows.

Net Loss Per Common Share

Net loss per common share is computed pursuant
to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per common share is computed by dividing net loss)
by the weighted average number of shares of common stock outstanding during the period. Diluted net loss) per common share is computed
by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock
during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the
Company incorporated as of the beginning of the first period presented.

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For the six months ended June 30, 2025, the 300,000,000
potentially dilutive shares of common stock from the Series D preferred stock.

For periods when the Company incurred net losses,
the dilutive shares were excluded in the denominator of the diluted earnings per share calculation as the inclusion of such shares would
have been anti-dilutive given the net loss recorded for the period.

Recent Accounting Pronouncements

The Company has implemented all applicable accounting
pronouncements that are in effect. These pronouncements did not have any material impact on the audited financial statements unless otherwise
disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued