v3.25.4
Note 18 - Earnings Per Common Share
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

18. Earnings Per Common Share:

 

The following table reconciles the numerators and denominators of the basic and diluted loss per common share computation (Dollar amounts in thousands of U.S. dollars, except for share data):

 

  

Year ended December 31,

 
  

2025

  

2024

  

2023

 
             

Numerator for basic and diluted loss per common share:

            

Net loss for the period

 $(75,819) $(109,860) $(96,197)
             

Denominator for basic and diluted loss per common share:

            

Basic weighted average number of common shares outstanding

  11,065,708   10,967,581   10,864,086 

Effect of outstanding stock options

  -   -   - 

Diluted weighted average number of shares outstanding

  11,065,708   10,967,581   10,864,086 
             

Basic and diluted loss per common share

 $(6.85) $(10.02) $(8.85)
             

 

For the year ended  December 31, 2025,   December 31, 2024  and December 31, 2023 the Company recorded a net loss, thus all outstanding options were considered anti-dilutive and excluded from the computation of diluted income per common share.