NOTE 9 – EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share (“EPS”) is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the period (the “common shares”). Diluted EPS is computed by dividing net income (loss) by the common shares plus common share equivalents. The Company excludes antidilutive restricted shares from the calculation of weighted-average shares for diluted EPS. For the three months ended June 30, 2026, 7,281 shares were included in the computation of diluted EPS. As a result of a net loss for the six months ended June 30, 2026, 6,149 shares were excluded from the computation of diluted EPS, because they would have been antidilutive. As a result of a net loss for the three and six months ended June 30, 2025, 6,120 and 5,239 shares, respectively, were excluded from the computation of diluted EPS, because they would have been antidilutive.