Note 16 - Net Income Per Share

12 Months Ended

Dec. 27, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

(16) Net Income Per Share

Basic net income per common share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per common share is calculated by dividing net income by the sum of the weighted average number of common shares plus additional common shares that would have been outstanding if potential dilutive common shares had been issued for granted stock options and stock purchase rights. Common stock equivalents are excluded from the diluted calculations when a net loss is incurred as they would be anti-dilutive. Had there been a profit in 2024, the dilutive effect would have been 25,905 shares.

The following table presents the calculation of both basic and diluted EPS:

		Dec. 27,				Dec. 28,
		2025				2024
Basic EPS Computation:
Numerator:
Net income (loss)		$	420,354			$	(3,135,449	)
Denominator:
Weighted average
Common shares
Outstanding			15,286,097				14,522,513
Basic EPS		$	.03			$	(0.22	)
Diluted EPS Computation:
Numerator:
Net income (loss)		$	420,354			$	(3,135,449	)
Denominator:
Weighted average
Common shares
Outstanding			15,286,097				14,522,513
Dilutive effect of stock options			102,629				-

Total shares			15,388,726				14,522,513

Diluted net income per share		$	.03			$	(0.22	)