v3.26.1
Note 7 - Net Income (Loss) Per Common and Common Equivalent Share
3 Months Ended
Mar. 28, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

(7)     Net Income (Loss) Per Common and Common Equivalent Share

Basic net income (loss) per common share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per common share is calculated by dividing net income (loss) by the sum of the weighted average number of common shares plus additional common shares that would have been outstanding if potential dilutive common shares had been issued for granted stock options and stock purchase rights. Had there been a profit in Q1 2026, the dilutive effect would have been 364,994 shares.  Common stock equivalents are excluded from the diluted calculations when a net loss is incurred as they would be anti-dilutive.

 

The following table presents the calculation of both basic and diluted EPS:

 

   

Three Months Ended

 
   

March 28,

2026

   

March 29,

2025

 
                 

Basic EPS Computation:

               

Numerator:

               

Net income (loss)

  $ (294,179 )   $ 95,962  

Denominator:

               

Weighted average common shares outstanding

    17,997,088       14,525,960  

Basic EPS

  $ (0.02 )   $ 0.01  

Diluted EPS Computation:

               

Numerator:

               

Net income (loss)

  $ (294,179 )   $ 95,962  

Denominator:

               

Weighted average common shares outstanding

    17,997,088       14,525,960  

Dilutive effect of stock options

    -       17,951  

Total Shares

    17,997,088       14,543,911  

Diluted EPS

  $ (0.02 )   $ 0.01