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Company has an agreement that the CEO will receive 4 0 , 0 0 0 shares of CS for each $ 5 0 0 K

Company has an agreement that the CEO will receive

40, 000

shares of CS for each $

500

K of net income in excess of $

10

million achieved in

2024, 2025

2026 .

Net income was $

10.8

million on

3 / 31 / 24 .

Calculate the potential common shares to include in DEPS at

3 / 31 / 24 .

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