Note 15 - Loss Per Share

6 Months Ended

Jun. 30, 2026

NOTE 15 LOSS PER SHARE

The following table sets forth the reconciliation of numerators and denominators for the basic and diluted loss per share computation for the three and six months ended June 30, 2026 and June 30, 2025:

(in thousands, except per share data)	Three months ended June 30,						Six months ended June 30,
	2026			2025			2026			2025
Numerator:
Net income (loss)	$	157		$	(3,165	)	$	(2,111	)	$	(6,257	)
Less: net income attributable to noncontrolling interests and redeemable noncontrolling interests		(774	)		(152	)		(978	)		(277	)
Less: dividends on preferred stock		(324	)		(311	)		(645	)		(533	)
Numerator used in calculating basic loss per share attributable to common shareholders	$	(941	)	$	(3,628	)	$	(3,734	)	$	(7,067	)
Numerator used in calculating diluted loss per share attributable to common shareholders	$	(941	)	$	(3,628	)	$	(3,734	)	$	(7,067	)

Denominator:
Weighted-average basic shares
Weighted-average common shares outstanding		28,617			27,196			28,621			27,150
Weighted-average diluted shares
Weighted-average common shares outstanding		28,617			27,196			28,621			27,150
Effect of potentially dilutive securities (a)
Stock options		—			—			—			—
Unvested restricted stock awards		—			—			—			—
Convertible preferred stock		—			—			—			—
Total weighted-average diluted shares		28,617			27,196			28,621			27,150

Basic loss per share attributable to common shareholders	$	(0.03	)	$	(0.13	)	$	(0.13	)	$	(0.26	)
Diluted loss per share attributable to common shareholders	$	(0.03	)	$	(0.13	)	$	(0.13	)	$	(0.26	)

(a)

Potentially dilutive securities consist of stock options and unvested restricted stock awards, calculated using the treasury stock method, and convertible preferred stock, using the if-converted method. Because the Company is reporting a net loss attributable to common shareholders for the three and six months ended June 30, 2026 and June 30, 2025, all potentially dilutive securities outstanding were excluded from the calculation of diluted loss per share since their inclusion would have been anti-dilutive.

Basic loss per share excludes dilution and is computed by dividing loss attributable to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted loss per share is calculated using weighted-average diluted shares. Weighted-average diluted shares is calculated by adding the effect of potentially dilutive securities to weighted-average common shares outstanding. Potentially dilutive securities are excluded from the diluted loss per share computation in loss periods and when the applicable exercise price is greater than the market price on the period end date as their effect would be anti-dilutive.

The following weighted-average potentially dilutive securities are not included in the dilut ed loss per share calculations above because they would have had an antidilutive effect on the loss per share:

	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Stock options		865,000		265,000		865,000		265,000
Unvested restricted stock awards		335,488		443,302		335,488		443,302
Convertible preferred stock		1,710,526		1,710,526		1,710,526		1,710,526
Total		2,911,014		2,418,828		2,911,014		2,418,828