Note
5: Earnings (Loss) Per Share
Basic
earnings per common share (“EPS”) applicable to common stockholders is computed by dividing earnings applicable to common
stockholders by the weighted-average number of common shares outstanding. If there is a loss from operations, diluted EPS is computed
in the same manner as basic EPS is computed.
The
following table sets forth the computation of basic and diluted earnings per share:
Schedule of Computation of Basic and Diluted Earnings Per Share
| | |
Thirteen weeks ended June 28, 2025 | | |
Thirteen weeks ended June 29, 2024 | | |
Twenty-six weeks ended June 28, 2025 | | |
Twenty-six weeks ended June 29, 2024 | |
| Loss, numerator, basic computation | |
$ | (7 | ) | |
$ | (32 | ) | |
$ | (169 | ) | |
$ | (335 | ) |
| Net loss, numerator, diluted computation | |
$ | (7 | ) | |
$ | (32 | ) | |
$ | (169 | ) | |
$ | (335 | ) |
| Weighted average shares - denominator basic computation | |
| 5,154 | | |
| 5,154 | | |
| 5,154 | | |
| 5,154 | |
| Weighted average shares, as adjusted - denominator diluted computation | |
| 5,154 | | |
| 5,154 | | |
| 5,154 | | |
| 5,154 | |
| Loss per common share - basic | |
$ | (0.00 | ) | |
$ | (0.01 | ) | |
$ | (0.03 | ) | |
$ | (0.06 | ) |
| Loss per common share - diluted | |
$ | (0.00 | ) | |
$ | (0.01 | ) | |
$ | (0.03 | ) | |
$ | (0.06 | ) |
The
following are securities excluded from weighted-average shares used to calculate diluted Net loss per common share, as the result of
including them to calculate diluted EPS is anti-dilutive:
Schedule
of Securities Excluded From Weighted Average Shares
| | |
Thirteen weeks Ended June 28, 2025 | | |
Thirteen weeks Ended June 29, 2024 | |
| Shares subject to outstanding common stock options | |
| 250,000 | | |
| 250,000 | |
|