v3.25.4
Note 15 - Net Income (Loss) Per Share
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

15. NET INCOME (LOSS) PER SHARE

 

The calculation of net income (loss) per common share for the years ended  December 31, 2025 and 2024 are presented below. For the year ended  December 31, 2025, there were no dilutive securities outstanding, as all RSUs were vested at  December 31, 2025. Outstanding stock options of 331,931 that were vested and unexercised at  December 31, 2025 were excluded, as the exercise price exceeded the market price at December 31, 2025. For the year ended  December 31, 2024, dilutive securities consist of RSUs of 11,981, under the treasury method. At  December 31, 2024, outstanding stock options that were vested and unexercised were excluded, as the exercise prices exceeded the market price at  December 31, 2024. Stock appreciation rights ("SARS") of 658,437 were excluded at  December 31, 2024, as the SARs expired unexercised on  December 31, 2024.

 

  

Year Ended

 
  

December 31,

 
  

2025

  

2024

 

Weighted average shares:

        

Basic weighted average number of common shares outstanding

  18,595,086   18,583,485 

Dilutive securities

     11,981 

Total shares including dilutive securities

  18,595,086   18,595,466 
         

Net income (loss)

 $(1,354) $4,599 
         

Net income (loss) per common share:

        

Basic and diluted per common share

 $(0.07) $0.25 
         

Weighted average number of common shares outstanding:

        

Basic

  18,595,086   18,583,485 

Diluted

  18,595,086   18,595,466