v3.26.1
BASIS OF ACCOUNTING AND PRESENTATION (Policies)
3 Months Ended
Mar. 31, 2026
BASIS OF ACCOUNTING AND PRESENTATION  
Loss per Share

Loss per Share

Loss per share is computed using the weighted average number of shares outstanding during the period. In March 2026, the Company completed the 2026 Rights Offering (see Note 7) whereby the Company offered existing shareholders the right to purchase additional common shares at $0.24 per share (the “Offer Price”).  Because the Offer Price was significantly lower than the market trading price of the common shares at that time, the discounted Offer Price was considered a bonus element, similar to a stock dividend. As a result, the loss per share calculations for the three months ended March 31, 2026 and 2025 have been adjusted retroactively to include the impact of the bonus element.