Basic and Diluted Loss per Common Share

6 Months Ended

Jun. 30, 2026

Basic and Diluted Loss per Common Share:

The following table reconciles the numerators and denominators of the basic and diluted loss per common share computation (Dollar amounts in thousands of U.S. dollars, except for share data):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

Numerator for basic and diluted loss per common share:
Net loss for the period	$	(20,471)	$	(15,637)	$	(38,578)	$	(30,770)

Denominator for basic and diluted loss per common share:
Basic and diluted weighted average number of common shares outstanding	11,148,826		11,060,818		11,136,776		11,046,531

Basic and diluted loss per common share	$	(1.84)	$	(1.41)	$	(3.46)	$	(2.79)

For the three and six months ended June 30, 2026 and June 30, 2025, the Company recorded a net loss, thus all outstanding options were considered anti-dilutive and excluded from the computation of diluted income per common share.