v3.26.1
Note 3 - Net Income (Loss) Per Common Share - Basic and Diluted
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

(3)       Net Income (Loss) Per Common Share - Basic and Diluted

 

For the three and six months ended June 30, 2026, the Company had 25,437,500 stock options outstanding, 40,500,000 restricted stock units outstanding, and 4,063 outstanding shares of Series C redeemable convertible preferred stock (Series C Preferred Stock), each of which were not included in the computation of diluted income (loss) per common share because they would be anti-dilutive.

 

For the three and six months ended June 30, 2025, the Company had 26,662,500 stock options outstanding, 3,000,000 restricted stock units outstanding, and 4,063 outstanding shares of Series C Preferred Stock, each of which were not included in the computation of diluted income (loss) per common share because they would be anti-dilutive.

 

The table below shows the calculation of diluted shares:

 

  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

  

June 30,

  

June 30,

 
  

2026

  

2025

  

2026

  

2025

 

Weighted average common shares outstanding - basic

  529,115,272   527,355,415   528,787,373   525,718,720 
                 

Effects of dilutive shares

                

Stock Options

            

Series C Preferred Stock

            

Weighted average common shares outstanding - diluted

  529,115,272   527,355,415   528,787,373   525,718,720 

 

The table below summarizes common stock equivalents outstanding at June 30, 2026 and June 30, 2025:

 

  

June 30,

 
  

2026

  

2025

 

Stock options

  25,437,500   26,662,500 

Restricted Stock Units

  40,500,000   3,000,000 

Shares of Series C Preferred Stock

  40,630,000   40,630,000 
   106,567,500   70,292,500