v3.26.1
Note 10 - Loss Per Share
 3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

NOTE 10 – LOSS PER SHARE

 

The following table provides information relating to the calculation of loss per common share:

 

  

Three Months Ended March 31,

 
  

2026

  

2025

 
  

(Dollars in thousands, except per share data)

 

Basic and diluted loss per share

        

Net loss

 $(9,361) $(10,874)

Weighted average common shares outstanding - basic and diluted

  136,649,149   106,815,912 

Basic and diluted loss per share

 $(0.07) $(0.10)

Potentially dilutive securities excluded due to the anti-dilutive effect

  13,701,640   9,234,891 

 

As the Company had a net loss for the three months ended March 31, 2026, the following 13,701,640 potentially dilutive securities were excluded from diluted loss per share: 12,902,528 for outstanding warrants, 373,034 related to outstanding options, and 426,078 related to outstanding RSUs. 

 

As the Company had a net loss for the three months ended March 31, 2025, the following 9,234,891 potentially dilutive securities were excluded from diluted loss per share: 4,331,100 for outstanding warrants, 486,866 related to outstanding options, and 4,416,925 related to outstanding RSUs.