v3.26.1
Note 2 - Earnings (Loss) per Share
 3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

2.

Earnings (Loss) per Share

 

Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the periods presented. The computation of diluted earnings (loss) per share is similar to the computation of basic earnings per share, except that the denominator is increased for the assumed exercise of dilutive options and other potentially dilutive securities using the treasury stock method unless the effect is antidilutive. The following table summarizes the calculation of basic and diluted net loss per share of common stock:

 

   

Three Months Ended March 31,

  

(in thousands, except per share data)

  

2026

    

2025

  

Net loss

   $ (3,424 )   $ (50,340 )

Weighted average shares outstanding - basic *

     4,473       4,410  

Dilutive effect of equity awards

     -       -  

Dilutive effect of convertible Term C loan

     -       -  

Dilutive effect of warrants

     -       -  

Weighted average shares outstanding - diluted *

     4,473       4,410  

Basic loss per share *

   $ (0.77 )   $ (11.42 )

Diluted loss per share *

   $ (0.77 )   $ (11.42 )

Shares excluded from diluted loss per share

                

due to their anti-dilutive effect *

     1,178       262  

 

*

Retroactively presented to reflect 1-for-10reverse stock split effective on March 13, 2026.