v3.26.1
LOSS PER SHARE
 12 Months Ended
Dec. 31, 2025
Net (loss) income per share  
LOSS PER SHARE

NOTE 11—LOSS PER SHARE

 

Basic loss per share (EPS) is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution of common stock equivalent shares that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.

 

The dilutive common stock equivalent shares consist of preferred stock, stock options, warrants, restricted stock awards, and restricted stock units computed under the treasury stock method, using the average market price during the period.

 

The following table sets forth the computation of basic loss per share (in thousands, except share and per share data):

          
   Years Ended December 31, 
   2025   2024 
Numerator:        
Net loss:  $(4,905)  $(3,824)
Denominator:          
Weighted average shares of common stock – basic   12,619,512    10,402,508 
Loss per share:          
Basic  $(0.39)  $(0.37)
Diluted  $(0.39)  $(0.37)

 

 

The following table represents the weighted average number of anti-dilutive instruments excluded from the computation of diluted loss per share:

          
   Years Ended
December 31,		 
   2025   2024 
Anti-dilutive instruments excluded from computation of diluted net loss per share:        
         
Preferred Stock   144,444    144,444 
           
Stock Options   -    221,000 
           
Warrants   1,555,207    4,628,586 
           
Stock purchase plan   -    - 
           
Convertible note   652,174    956,527 
           
Restricted Stock Units and Restricted Stock Awards   1,624,392    2,020,396