(Loss) Income Per Common Share

3 Months Ended

Mar. 31, 2026

Basic net (loss) income per common share is calculated by dividing net (loss) income by the weighted-average number of shares of common stock outstanding during the period. Diluted net (loss) income per common share is calculated using the treasury share method by giving effect to all potentially dilutive securities that were outstanding. Potentially dilutive options, restricted stock units and warrants to purchase common stock that were outstanding for the three months ended March 31, 2025 were included in the diluted income per share calculation. As a result of the net loss for the three months ended March 31, 2026, all potentially dilutive shares in such period were anti-dilutive, and therefore, excluded from the computation of diluted net loss per share.

The following is the computation of net (loss) income per common share for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31,
	2026		2025
Net (loss) income	$	(1,828)	$	3,010

Weighted-average basic common shares outstanding	6,373,903		6,172,268
Dilutive effect of options, restricted stock units and warrants	—		10,411
Weighted-average diluted common shares outstanding	6,373,903		6,182,679

Net (loss) income per share:
Basic	$	(0.29)	$	0.49
Diluted	$	(0.29)	$	0.49

To the extent that securities are “anti-dilutive,” they are excluded from the calculation of diluted net income (loss) per share.


	As of March 31,
	2026	2025
Options to purchase common stock	131	131
Restricted stock units	43	164
Warrants to purchase common stock	10,022	10,022