v3.26.1
Loss Per Share
 6 Months Ended
Jun. 30, 2026
Loss Per Share [Abstract]  
Loss per share

Note 14 — Loss per share

 

Basic loss per share is based upon the weighted average common shares outstanding during each year. Diluted loss per share is based on the basic weighted earnings per share with additional weighted common shares for common stock equivalents. During the six and three months ended June 30, 2026 and 2025, the Company had outstanding restricted shares of common stock to certain of our employees and directors, under the Company’s restricted stock award plans. The diluted shares include the dilutive effect of restricted and performance stock units based on the treasury stock method.

 

A reconciliation of the numerator (net loss) and denominator (weighted average number of shares outstanding of the basic loss per share) for the six and three months ended June 30, 2026 and 2025 is as follows:

 

    Six months
ended
June 30,
2026		     Three months
ended
June 30,
2026		     Six months ended
June 30,
2025		     Three months
ended
June 30,
2025		  
Numerator:                        
Net Loss   $ (10,385,549 )   $ (3,895,448 )   $ (4,748,518 )   $ (1,556,833 )
                                 
Denominator:                                
Weighted-Average Number of Shares of Common Stock     27,876,507       27,926,011       27,341,813       27,611,515  
Basic Loss per Share   $ (0.37 )   $ (0.14 )   $ (0.17 )   $ (0.06 )

 

The Company excluded 1,152,718, 1,173,140, 1,151,952, and 1,151,445 of RSUs and PSUs from the computation of weighted-average number of shares of common stock in computing the diluted loss per share for the periods presented because including them would have had an anti-dilutive effect for the six and three months ended June 30, 2026 and 2025, respectively.