v3.26.1
Note 9 - Net Loss Per Share Attributable to Common Shareholders
9 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

9.   Net Loss Per Share Attributable to Common Shareholders

 

Basic net loss per share is computed by dividing net loss applicable to common shareholders by the weighted average number of common shares outstanding.  Diluted net loss per share attributable to common shareholders is computed using the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and warrants using the “treasury stock” method and convertible preferred stock using the “as-if-converted” method. The computation of diluted earnings per share does not include the effect of outstanding stock options, warrants and convertible preferred stock that are considered anti-dilutive.

 

Basic and diluted net (loss) per share is computed as follows:

 

(in thousands, except per share data)

 

Three Months Ended June 30,

  

Nine Months Ended June 30,

 
  

2026

  

2025

  

2026

  

2025

 

Numerator:

                

Net loss

 $(468) $(789) $(986) $(2,153)

Redemption of Series C Convertible Preferred Stock

  -   -   -   (331)

Net loss applicable to common shareholders

 $(468) $(789) $(986) $(2,484)
                 

Denominator:

                

Weighted-average shares outstanding for basic earnings per share

  12,145,676   11,945,350   12,091,047   10,956,127 

Effect of dilutive securities:

                

Options

  -   -   -   - 

Warrants

  -   -   -   - 

Unvested restricted stock

  -   -   -   - 

Weighted-average shares outstanding for diluted earnings per share

  12,145,676   11,945,350   12,091,047   10,956,127 
                 

Basic net loss per share

 $(0.04) $(0.07) $(0.08) $(0.23)

Diluted net loss per share

 $(0.04) $(0.07) $(0.08) $(0.23)

 

Potential common stock equivalents excluded from the computation of diluted net loss per share because their inclusion would have been anti-dilutive were as follows (in shares):

 

  

Three Months Ended June 30,

  

Nine Months Ended June 30,

 
  

2026

  

2025

  

2026

  

2025

 

Stock options

  2,137,289   1,799,477   2,137,289   1,799,477 

Warrants

  662,106   861,533   662,106   861,533 

Unvested restricted stock

  454,203   -   454,203   -