Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The following table presents the calculation of basic and diluted earnings (loss) per common share, as follows (dollars in thousands, except share and per share amounts):


		Year Ended December 31,
		2025				2024
Net income (loss) from continuing operations		$	(18,438	)		$	(34,240	)
Net income from discontinued operations			-				58,587
Net income (loss)			(18,438	)			24,347
Series A Preferred Stock Dividends and Redemption premium			-				817
Net income (loss) allocable to common shareholders		$	(18,438	)		$	23,530

Earnings (loss) per common share, basic and diluted
Net income (loss) from continuing operations		$	(1.51	)		$	(2.87	)
Net income from discontinued operations		$	-			$	4.79
Net income (loss) allocable to common shareholders		$	(1.51	)		$	1.93

Weighted average common shares, basic and diluted *			12,222,881				12,222,881

* There were no unvested restricted stock units as of December 31, 2025 and 2024, respectively. The 106,000 and 165,000 of non-vested shares of stock options were anti-dilutive as of December 31, 2025 and 2024, respectively. The 4,000,000 of Warrants were anti-dilutive as of December 31, 2025. There were no Warrants outstanding as of December 31, 2024. Therefore, the basic and diluted weighted average common shares are equal for the years ended December 31, 2025 and 2024, respectively.