v3.26.1
Earnings Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share  
Earnings Per Share

Note 14. Earnings per share

The Company computes earnings per share in accordance with ASC Topic 260, Earnings per Share. In accordance with ASC 260, outstanding options will be considered to have been exercised and outstanding as of the beginning of the period if the average market price of the common stock during the period exceeds the exercise price of the options (they are “in the money”), and the assumed exercise of the options do not have an anti-dilutive impact on earnings per share.

A reconciliation of basic and diluted net income (loss) per share attributable to the Company were as follows:

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Three Months Ended

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Six Months Ended

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June 30, 

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June 30, 

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2026

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2025

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2026

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2025

Net income (loss) attributable to MEC

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$

(2,095)

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$

(1,097)

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$

(10,270)

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$

(1,077)

Weighted average shares outstanding

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22,767,889

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​

20,514,496

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​

21,612,917

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​

20,517,579

Basic income (loss) per share

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$

(0.09)

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$

(0.05)

​

$

(0.48)

​

$

(0.05)

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Weighted average shares outstanding

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22,767,889

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​

20,514,496

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​

21,612,917

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​

20,517,579

Effect of dilutive stock-based compensation

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—

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184,655

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—

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201,243

Total potential shares outstanding

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22,767,889

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20,699,151

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21,612,917

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20,718,822

Diluted income (loss) per share

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$

(0.09)

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$

(0.05)

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$

(0.48)

​

$

(0.05)

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There were 110,775 and 60,654 options in the money that were excluded in the computation of diluted earnings per share for the three and six months ended June 30, 2026, respectively, that had an anti-dilutive impact on earnings per share.

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