v3.25.2
Note 3 - Net Income (Loss) Per Common Share - Basic and Diluted
6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

(3)       Net Income (Loss) Per Common Share - Basic and Diluted

 

For the three and six months ended June 30, 2025, the Company had 26,662,500 stock options outstanding, 3,000,000 restricted stock units outstanding, and 4,063 outstanding shares of Series C redeemable convertible preferred stock (Series C Preferred Stock), each of which were not included in the computation of diluted income (loss) per common share because they would be anti-dilutive.

 

For the three and six months ended June 30, 2024, the Company had 27,862,500 stock options outstanding, 5,250,000 restricted stock units outstanding, and 4,063 outstanding shares of Series C Preferred Stock, each of which were not included in the computation of diluted income (loss) per common share because they would be anti-dilutive.

 

The table below shows the calculation of diluted shares:

 

  

3 Months Ended

  

6 Months Ended

 
  

June 30,

  

June 30,

  

June 30,

  

June 30,

 
  

2025

  

2024

  

2025

  

2024

 

Weighted average common shares outstanding - basic

  527,355,415   522,779,643   525,718,720   521,473,413 
                 

Effects of dilutive shares

                

Stock Options

            

Series C Preferred Stock

            

Weighted average common shares outstanding - diluted

  527,355,415   522,779,643   525,718,720   521,473,413 

 

The table below summarizes common stock equivalents outstanding at June 30, 2025 and June 30, 2024:

 

  

June 30,

 
  

2025

  

2024

 

Stock options

  26,662,500   27,862,500 

Restricted Stock Units

  3,000,000   5,250,000 

Shares of Series C Preferred Stock

  40,630,000   40,630,000 
   70,292,500   73,742,500