v3.26.1
Income (Loss) Per Share of Common Stock
 3 Months Ended
Mar. 31, 2026
Income (Loss) Per Share of Common Stock [Abstract]  
INCOME (LOSS) PER SHARE OF COMMON STOCK

NOTE 13 - INCOME (LOSS) PER SHARE OF COMMON STOCK:

 

The following table summarizes the calculation of basic and diluted income per common stock (in thousands, except for share and per share amounts):

 

  

Three months ended

March 31,

 
   2026   2025 
Basic income (loss) per common stock (numerator):        
Net income (loss) applicable to common stock – basic   38,310    (7,642)
common stock (denominator):          
Weighted average number of common stock – basic   40,773,866    41,228,782 
Basic income (loss) per common stock   0.94    (0.19)
           
Diluted income (loss) per common stock (numerator):          
Net income (loss) applicable to common stock – diluted   38,310    (7,642)
common stock (denominator):          
Weighted average number of common stock – basic   40,773,866    41,228,782 
Diluted effect of Options, RSU and PSUs   1,196,320    
-
 
Weighted average number of common stock – diluted   41,970,186    41,228,782 
Diluted income (loss) per common stock   0.91    (0.19)

 

For the three months ended March 31, 2026, options to purchase common stock and warrants totaling 1,426,883 were excluded from the calculation of diluted income per common stock, as their effect was antidilutive. As the Company had a net loss for the three months ended March 31, 2025, all potentially dilutive common stock, including options, warrants and RSUs totaling 3,939,604, were considered antidilutive and therefore excluded from the calculation of diluted income per common stock for the period.