Company: SHPH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001493152-25-008300
Chunk: 1154

Company: Shuttle Pharmaceuticals Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7A
Chunk 1154
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 for the entire period
being presented.

    F-14

Given
the nominal exercise price of the Company’s issuance of Pre-Funded Warrants (as defined in Note 6), such Pre-Funded Warrants are
included in in the calculation of basic and diluted net loss per share as the exercise price per warrant is deemed nonsubstantive when
compared to the fair value of the underlying common shares. The 1,826,000 unexercised pre-funded warrants as of December 31, 2024 were
included in the Company’s calculation of basic and diluted loss per share.

For
the years ended December 31, 2024 and 2023, the following common stock equivalents were excluded from the computation of diluted net
loss per 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