v3.26.1
Net Income per Share
 3 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Income per Share

9. Net Income per Share

 

The following table sets forth the computation of basic and diluted net income (loss) per share:

 

   2026   2025 
   Three Months Ended June 30, 
   2026   2025 
Basic and Diluted Net Income (Loss) Per Common Share:          
Net income (loss) attributable  $3,530   $3,474 
Weighted average common shares outstanding – basic and diluted   487,065,702    485,469,380 
Net income (loss) per common share – basic and diluted  $0.0072   $0.0072 

 

On March 14, 2022 and November 16, 2022, Advasa Japan, the Company’s subsidiary, issued convertible bonds. Because the bonds were convertible into the subsidiary’s equity, and not into the parent’s common stock, and the subsidiary’s preferred shares do not participate in the earnings of the parent, these instruments are not considered potentially dilutive in the computation of diluted earnings per share at the consolidated level under ASC 260. Accordingly, no adjustments to net income (loss) attributable to common stockholders or weighted-average shares outstanding were made for earnings per share purposes.