v3.26.1
Note 3 - Net Income (Loss) Per Common Share - Basic and Diluted
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

(3)       Net Income (Loss) Per Common Share - Basic and Diluted

 

For the three months ended March 31, 2026, the Company had 26,512,500 stock options outstanding, 40,500,000 restricted stock units outstanding, and 4,063 outstanding shares of Series C redeemable convertible preferred stock (Series C Preferred Stock), each of which were not included in the computation of diluted income (loss) per common share because they would be anti-dilutive.

 

For the three months ended March 31, 2025, the Company had 26,512,500 stock options outstanding, 5,000,000 restricted stock units outstanding, and 4,063 outstanding shares of Series C Preferred Stock, each of which were not included in the computation of diluted income (loss) per common share because they would be anti-dilutive.

 

The table below shows the calculation of diluted shares:

 

  

Three Months Ended

 
  

March 31,

  

March 31,

 
  

2026

  

2025

 

Weighted average common shares outstanding - basic

  528,459,473   524,082,026 
         

Effects of dilutive shares

        

Stock Options

      

Series C Preferred Stock

      

Weighted average common shares outstanding - diluted

  528,459,473   524,082,026 

 

The table below summarizes common stock equivalents outstanding at March 31, 2026 and March 31, 2025:

 

  

March 31,

 
  

2026

  

2025

 

Stock options

  26,512,500   26,512,500 

Restricted Stock Units

  40,500,000   5,000,000 

Shares of Series C Preferred Stock

  40,630,000   40,630,000 
   107,642,500   72,142,500