Company: DSNY
Filing Date: 2025-04-14
Form Type: 10-Q
Source: 0001062993-25-007398
Chunk: 45

Company: DESTINY MEDIA TECHNOLOGIES INC
Filing Date: 2025-04-14
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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              264,834

              Weighted-average diluted shares
               
              9,637,410

              10,107,554

              9,637,410

              10,191,461

              Basic and diluted earnings per share
              $
              (0.03
              )
              $
              (0.01
              )
              $
              (0.02
              )
              $
              0.01

      639,138 exercisable stock options were excluded from the computation of diluted earnings per share for the three and six months ended February 28, 2025 because their effect would have been antidilutive.

      7. COMMITMENTS AND CONTINGENCIES
      The Company is subject to claims and legal proceedings that arise in the ordinary course of business. Such matters are inherently uncertain, and there can be no guarantee that the outcome of any such matter will be decided favorably to the Company or that the resolution of any such matter will not have a material adverse effect upon the Company's financial statements. The Company does not believe that any of such pending claims and legal proceedings will have a material adverse effect on its consolidated financial statements.
      On September 5, 2017, the Company's former President and Chief Executive Officer filed a Notice of Civil Claim in the Supreme Court of British Columbia against the Company, its subsidiaries, independent directors, and current Chief Executive Officer, claiming damages for conspiracy, breach of contract, wrongful dismissal, defamation and aggravated and punitive damages. The Company believes the claims are without merit and is defending itself against the claims. The quantum of loss, if any, is not determinable at this time and management believes it is unlikely that the outcome of this matter will have an adverse impact on its results of operations, cash flows and financial condition.

8

      8. CONCENTRATIONS, ECONOMIC DEPENDENCE AND SEGMENTS 
      The Company operates solely in the digital media software segment and all revenue from its products and services are made in this segment.
      Revenue from external customers earned during the three and six months ended February 28, 2025 and February 29, 2024, by product and location of customer, was as follows:

              Three Months Ended

              Six Months Ended

              February 28, 2025

              February 29, 2024

              February 28, 2025

              February 29, 2024

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                  North America