Basic loss per share excludes dilution and is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted loss per share reflects the potential

dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or otherwise result in the issuance of common stock that shared in the earnings of the entity. Diluted loss per share also utilizes the treasury stock method which prescribes a theoretical buy back of shares from the theoretical proceeds of all options outstanding during the period, and the if-converted method for convertible debt.

The following is a reconciliation of the weighted average number of common shares outstanding used in calculating basic and diluted net loss per share (in thousands):


	For the years ended
	December 31, 2025		December 31, 2024
Loss from continuing operations after income taxes	$	(23,387)	$	(49,525)
Income (loss) from discontinued operations, net of tax	8,644		(3,839)
Net loss	$	(14,743)	$	(53,364)
Weighted average common shares outstanding:
Basic	8,489		2,000
Diluted	8,489		2,000
Net earnings ( loss) per share:
Loss from continuing operations, basic and diluted	$	(2.75)	$	(24.76)
Loss from discontinued operations, basic and diluted	$	1.02	$	(1.92)
Net loss per share, basic and diluted	$	(1.74)	$	(26.68)

The following table represents the number of securities excluded from the income per share computation as a result of their anti-dilutive effect (in thousands):


	For the years ended
Anti-dilutive securities	December 31, 2025	December 31, 2024
Common stock purchase warrants	757	62
Stock Options	478	388
Convertible promissory note	526	—
Anti-dilutive securities	1,761	450