Three Months Ended

Six Months Ended

June 30,

 

2026

 

2025

 

2026

 

2025

(in thousands, except per share data)

Net income (loss)

$

248

$

100

$

(90)

$

(705)

Less: Preferred stock dividends

—

(100)

—

(200)

Net income (loss) applicable to common stockholders

$

248

$

—

$

(90)

$

(905)

Weighted average common shares outstanding – basic

15,750

14,796

15,750

14,796

Dilutive potential common shares from convertible preferred stock and restricted stock units

17

—

Weighted average common shares outstanding – diluted

15,767

14,796

15,750

14,796

Earnings (loss) per common share, basic

$

0.02

$

—

$

(0.01)

$

(0.06)

Earnings (loss) per common share, diluted

$

0.02

$

—

$

(0.01)

$

(0.06)

Shares issuable upon conversion of Series A Convertible Preferred Stock excluded from calculation because their conversion would be anti-dilutive

—

900

—

900

Shares subject to restricted stock units excluded from calculation because their effect would be anti-dilutive

—

47