v3.25.1
Note 9 - Basic and Diluted Earnings (Loss) Per Common Share
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

9. Basic and Diluted Earnings (Loss) per Common Share:

 

The following table reconciles the numerators and denominators of the basic and diluted loss per common share computation (Dollar amounts in thousands of US dollars, except for share data):

 

  

Three Months Ended March 31,

 
  

2025

  

2024

 
         

Numerator for basic and diluted loss per common share:

        

Net loss for the period

 $(15,133) $(26,484)
         

Denominator for basic and diluted loss per common share:

        

Basic weighted average number of common shares outstanding

  11,032,086   10,923,599 

Effect of outstanding stock options

  -   - 

Diluted weighted average number of shares outstanding

  11,032,086   10,923,599 
         

Basic and diluted loss per common share

 $(1.37) $(2.42)

 

For the three months ended March 31, 2025 and March 31, 2024, the Company recorded a net loss, thus all outstanding options were considered anti-dilutive and excluded from the computation of diluted income per common share.