v3.26.1
Note 6 - Loss per Common Share
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

6. LOSS PER COMMON SHARE

 

Basic loss per common share is computed using net loss divided by the weighted-average number of common shares outstanding during each period, excluding unvested restricted stock units (“RSUs”) and performance stock units ("PSUs").

 

Diluted loss per common share represents net loss divided by the weighted-average number of common shares outstanding during the period, including common stock equivalents. Common stock equivalents consist of shares subject to share-based awards with exercise prices less than the average market price of the Company’s common stock for the period, to the extent their inclusion would be dilutive.

 

The following table presents basic and diluted loss per common share for the three months ended March 31, 2026 and 2025:

 

 

 

Three months ended March 31,

 

 

 

2026

 

 

2025

 

Net loss

 

$

(14,611

)

 

$

(14,385

)

Weighted-average shares of common stock outstanding

 

 

4,763,731

 

 

 

4,614,510

 

Dilutive effect of share based compensation awards using the treasury stock method

 

 

 

 

 

 

Diluted weighted-average shares of common stock outstanding

 

 

4,763,731

 

 

 

4,614,510

 

Basic loss per common share

 

$

(3.07

)

 

$

(3.12

)

Diluted loss per common share

 

$

(3.07

)

 

$

(3.12

)

 

The computation of the weighted-average shares of common stock outstanding for diluted loss per common share excludes the following potential shares of common stock as their inclusion would have an anti-dilutive effect on diluted loss per common share:

 

 

 

Three months ended March 31,

 

 

 

2026

 

 

2025

 

Shares subject to unvested or deferred performance and restricted stock units

 

 

228,779

 

 

 

377,812

 

Shares subject to stock options outstanding

 

 

26,956

 

 

 

35,975