Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 1406

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 10
Chunk 1406
---
IDIARIES

Notes
to Consolidated Financial Statements, Continued

8.
LOSS PER SHARE

A
summary of the numerator and denominator of the basic and diluted loss per share attributable to ordinary shareholders is presented below
(dollars in thousands except per share amounts):

SCHEDULE
OF COMPUTATION OF BASIC AND DILUTED LOSS EARNING PER SHARE

    2024  
    2023 

    Years ended December 31 

    2024  
    2023 

    Numerator: 

    Net loss attributable to ordinary shareholders 
    $(2,726) 
     (9,915)

    Denominator: 

    Weighted average shares - basic 
     6,099,051  
     5,867,129 
  
    Weighted average shares - diluted 
     6,099,051  
     5,867,129 
  
    Loss per share - basic 
    $(0.45) 
     (1.69)
  
    Loss earnings per share - diluted 
    $(0.45) 
     (1.69)

For
the years ended December 31, 2024, and 2023, options to purchase 846,250 ordinary shares and 8,230,700 warrants to purchase an aggregate
of 8,230,700 ordinary shares were anti-dilutive due to the net losses during those years.

GAAP
requires the Company to use the two-class method in computing basic loss per share since holders of the Company’s restricted stock
have the right to share in dividends, if declared, equally with common stockholders. These participating securities effect the computation
of both basic and diluted loss per share during the years ended December 31, 2024 and 2023.

    F-22

OXBRIDGE
RE HOLDINGS LIMITED AND SUBSIDIARIES

Notes
to Consolidated Financial Statements, Continued

9.
EQUITY

ORDINARY
SHARES

There
were 6,379,002 and 5,870,234 ordinary shares outstanding at December 31, 2024 and 2023, respectively.

For
the year ended December 31, 2024, we have sold 372,341 ordinary shares under the ATM program for gross proceeds of $1,166,044 at an average
price of $3.13 per share. After deducting commissions related to the ATM offering of $34,981