EARNINGS PER COMMON SHARE

3 Months Ended

Mar. 31, 2026

The following table sets forth the computation of basic and diluted earnings per common share for the three months ended March 31, 2026 and March 31, 2025:


	Three Months Ended March 31,
	2026		2025
Basic:
Net loss	$	(5,680)	$	(335)


Less: Preferred stock dividend earned	385		385
Net loss attributable to common shareholders	$	(6,065)	$	(720)
Weighted average common shares outstanding	4,108,071		4,141,070




Basic loss per common share:	$	(1.48)	$	(0.17)

Diluted:
Net loss	$	(5,680)	$	(335)


Less: Preferred stock dividend earned	385		385
Add: Series B preferred stock and preferred C stock dividends	—		—
Net loss attributable to common shareholders	$	(6,065)	$	(720)
Weighted average common shares outstanding for basic loss per common share	4,108,071		4,141,070
Add: Dilutive effects of conversion of Series B preferred stock and Preferred C to common stock	—		—
Add: Dilutive effects of assumed exercises of stock options and warrants	—		—
Average shares and dilutive potential common shares	4,108,071		4,141,070




Diluted loss per common share:	$	(1.48)	$	(0.17)

The following securities outstanding at March 31, 2026 and March 31, 2025 have been excluded from the calculation of weighted average shares outstanding as their effect on the calculation of loss per share are antidilutive:


	Three Months Ended March 31,
	2026	2025
Common stock options	334,663	363,013
Convertible Series B preferred stock	3,210	3,210
Convertible Series C preferred stock	6,446	6,446