v3.26.1
Note 8 - Basic and Diluted Net Loss Per Common Share
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 8  Basic and Diluted Net Income (Loss) per Common Share

 

For the three and six months ended June 30, 2026 and 2025, basic and diluted net income (loss) per share is computed using the weighted average number of shares of common stock outstanding during the period and includes common stock equivalents (using the treasury stock and “if converted” method) from stock options, RSUs, ESPP and warrants. For the three and six months ended June 30, 2025, 7,425,645 and 7,183,998, respectively, in common stock equivalents are excluded from the calculation of diluted net loss per share because the effect was anti-dilutive. During the three and six months ended June 30, 2026 and 2025, included in the basic and diluted net income (loss) per share calculation were RSUs awarded to directors that had vested, but the issuance and delivery of the shares are deferred until the director retires from service as a director.

 

The following table shows the computation of basic and diluted net loss per common share:

 

  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

  

June 30,

  

June 30,

 
  

2026

  

2025

  

2026

  

2025

 
                 

Net income (loss)

 $11,578  $(2,585) $13,132  $(4,157)

Weighted average common shares outstanding, basic

  27,642,000   26,893,000   27,444,000   26,889,000 

Net income (loss) per share, basic

 $0.42  $(0.10) $0.48  $(0.15)

Weighted average common shares outstanding, diluted

  32,787,000   26,893,000   32,298,000   26,889,000 

Net income (loss) per share, diluted

 $0.35  $(0.10) $0.41  $(0.15)