The following is a summary of the basic and diluted average common shares outstanding:


	Three months ended June 30,
	2026	2025
Basic:
Weighted average common shares outstanding (denominator)	4,492,316	5,224,004

Diluted:
Weighted average common shares outstanding	4,492,316	5,224,004
Dilutive potential common shares	88,825	64,639
Weighted average diluted shares outstanding (denominator)	4,581,141	5,288,643

Under the treasury stock method, options to purchase 156,321 and 163,021 shares of common stock at various prices were outstanding during the three months ended June 30, 2026 and 2025, respectively, but were not included in diluted shares outstanding because the option exercise price exceeded the market value of the shares.