v3.25.4
Earnings per share
 12 Months Ended
Dec. 31, 2025
Earnings per share [Abstract]  
Earnings per share
12. Earnings per share

Earnings per share was computed as follows (in thousands, except per share amounts):

   
Years Ended December 31,
  
 
2025
    
2024
  
Net loss
  
$
(1,240
)
  
$
(9,863
)
                 
Shares:
                
Basic:  Weighted average common shares outstanding
    
10,087
      
9,997
  
Add:  Dilutive effect of outstanding equity awards as determined by the treasury stock method
    
–
      
–
  
Diluted:  Weighted average common and common equivalent shares outstanding
    
10,087
      
9,997
  
                 
Net loss per common share:
                
Basic
  
$
(0.12
)
  
$
(0.99
)
Diluted
    
(0.12
)
    
(0.99
)

The computation of diluted earnings per share excludes the effect of the potential exercise of stock awards, including stock options, restricted stock units and performance stock awards, when the average market price of the common stock is lower than the exercise price of the related stock award during the period.  These outstanding stock awards are not included in the computation of diluted earnings per share because the effect would be anti-dilutive.  Furthermore, in periods when a net loss is reported, such as in 2025 and 2024, basic and diluted net loss per common share are calculated using the same method.  There were 1.2 million and 1.8 million of anti-dilutive stock awards excluded from the computation of earnings per share for the years ended December 31, 2025 and 2024, respectively.