v3.26.1
Note 6 - Earnings (Loss) Per Share
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 6. Earnings (Loss) per Share

 

Net income (loss) per common share is calculated in accordance with ASC Topic 260: Earnings per Share (“ASC 260”). Basic income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. The computation of diluted net loss per share does not include dilutive common stock equivalents in the weighted average shares outstanding as they would be anti-dilutive. All share and per-share amounts, including weighted average shares outstanding used to compute basic and diluted loss per share, have been retroactively adjusted to reflect the Reverse Stock Split for all periods presented.

 

The components of basic and diluted EPS were as follows (in thousands, except per share data). For all periods presented, the Company incurred a net loss causing inclusion of any potentially dilutive securities to have an anti-dilutive effect, resulting in diluted loss per common share and basic loss per common share being equivalent.

 

  

Three Months Ended June 30,

  

Six Months Ended June 30,

 
  

2026

  

2025

  

2026

  

2025

 

Net loss attributable to common stockholders

 $(144) $(1,789) $(1,262) $(3,731)
                 

Basic weighted average common shares outstanding

  2,708   2,596   2,701   2,596 

Potentially dilutive common shares

            

Diluted weighted average common shares outstanding

  2,708   2,596   2,701   2,596 
                 

Weighted average loss per common share - basic and diluted

 $(0.05) $(0.69) $(0.47) $(1.44)
                 
                 

Potentially dilutive common shares excluded from the calculation of diluted weighted average loss per common share:

                

Unvested restricted stock awards

  27      27    

Stock options

            

Common stock purchase warrants

            
   27      27