NET INCOME (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2026

NET INCOME (LOSS) PER SHARE

Schedule of computation of income per share and weighted average of the company's common stock outstanding

The computation of income per share and weighted average of the Company’s common stock outstanding for the three and six months ended June 30, 2026 and 2025 is as follows (in thousands):


		Three months ended			Three months ended			Six Months Ended			Six Months Ended
		June 30,			June 30,			June 30,			June 30,
		2026			2025			2026			2025
Net income (loss)		$	337		$	(654)		$	2,238		$	378
Series A preferred dividends			374			358			740			709
Series B preferred dividends			26			27			52			54
Net income (loss) available to common shareholders			(63)			(1,039)			1,446			(385)
Shares for basic and diluted calculation
Average shares used in basic computation			16,813			16,602			16,782			16,602
Dilutive effect of unvested stock units			247			—			249			—
Average shares used in diluted computation			17,060			16,602			17,031			16,602
Earnings (loss) per common share
Basic		$	(0.00)		$	(0.06)		$	0.09		$	(0.02)
Diluted		$	(0.00)		$	(0.06)		$	0.08		$	(0.02)

Schedule of securities that have been excluded from the calculation of weighted-average shares for diluted earnings per share

The following table details the securities that have been excluded from the calculation of weighted-average shares for diluted earnings per share for the period presented as they were anti-dilutive (in thousands).


		Three months ended		Three months ended		Six Months Ended		Six Months Ended
		June 30,		June 30,		June 30,		June 30,
		2026		2025		2026		2025
Warrants		15,148		15,148		15,148		15,148
Series A preferred stock		1,662		1,590		1,662		1,590
Series B preferred stock		150		150		150		150
Stock options		873		873		873		873