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LOSS PER SHARE
 6 Months Ended
Jun. 30, 2026
Net loss per share  
LOSS PER SHARE

NOTE E – NET LOSS PER SHARE

 

Basic loss per share is calculated by dividing the net loss by the weighted average number of outstanding common shares during the period. Diluted per share data includes the dilutive effects of restricted stock units. Potentially dilutive shares of 125,000 and 517,500 at June 30, 2026 and 2025, respectively, consisted of outstanding restricted stock units. However, since the Company generated a net loss for the three and six months ended June 30, 2026 and 2025, potentially dilutive shares were not reflected in diluted net loss per share because the impact of such instruments was anti-dilutive.

Computations of basic and diluted weighted average common shares outstanding were as follows: 

                    
   Six Months Ended
June 30,		   Three Months Ended
June 30,		 
   2026   2025   2026   2025 
Weighted-average common shares outstanding – basic   22,824,937    22,883,729    22,836,456    22,873,907 
Dilutive effect of restricted stock units and stock options   —    —    —    — 
Weighted-average common shares outstanding – diluted   22,824,937    22,883,729    22,836,456    22,873,907 
Restricted stock units excluded from the computation of diluted loss per share because the effect of inclusion would have been anti-dilutive   125,000    517,500    125,000    517,500