Basic income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.

Diluted earnings per common share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period, adjusted for the potential dilutive effect of stock options, unvested restricted stock units, and other convertible securities. The calculation includes the effect of dilutive securities only when their inclusion would not be anti-dilutive. For share-based awards, the Company uses the treasury stock method, which assumes proceeds from the assumed exercise or vesting are used to repurchase shares at the average market price during the period.


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Net income (loss)	$	(683,915)	$	1,205,068	$	(1,461,438)	$	1,062,268

Weighted average shares outstanding - basic	17,450,639		16,947,527		17,484,781		16,980,960
Basic income (loss) per common share	$	(0.04)	$	0.07	$	(0.08)	$	0.06

Weighted average shares outstanding - basic	17,450,639		16,947,527		17,484,781		16,980,960
Plus:
“In-the-money” stock options	—		313		—		313
Contingently issuable restricted stock units	—		869,616		—		846,355
Less:
Shares offset for in-the-money options (treasury stock method)	—		(78)		—		(76)
Weighted average shares outstanding - diluted	17,450,639		17,817,378		17,484,781		17,827,552
Diluted income (loss) per common share	$	(0.04)	$	0.07	$	(0.08)	$	0.06

The Company excluded the following weighted average items from the above computation of diluted income (loss) per common share, as their effect would be anti-dilutive:


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Stock options	14,518	23,674	19,269	23,987
Restricted stock units	1,135,084	429,100	1,250,451	429,100
Total excluded shares	1,149,602	452,774	1,269,720	453,087