v3.26.1
Earnings Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share
Note 9 — Earnings Per Share

Basic earnings per share are based on the weighted average number of common shares outstanding for the period. Diluted earnings per share are based on the weighted average number of common shares and potentially dilutive common shares outstanding. Unvested restricted shares (414,636 as of June 30, 2026 and 608,954 as of June 30, 2025) are excluded from weighted average shares outstanding. Potential common shares outstanding principally include stock options excluding any convertible at a price higher than the closing price of our stock at the end of each reporting period. The following table shows the computation of basic and diluted earnings per share for the three months ended June 30, 2026 and 2025 (in thousands, except per share amounts):

   
Three Months Ended
June 30,
    
Six Months Ended
June 30,
  
    2026 2025     2026 2025  
Numerator:
                        
Net (loss)
  
$
(4,527
)
  
$
(3,621
)
  
$
(8,881
)
  
$
(7,300
)
Denominator:
                                
Weighted-average basic shares outstanding
    
3,770
      
3,660
      
3,762
      
3,660
  
Effect of dilutive securities
    
—
      
—
      
—
      
—
  
Weighted-average diluted shares
    
3,770
      
3,660
      
3,762
      
3,660
  
Basic (loss) per share
  
$
(1.20
)
  
$
(0.99
)
  
$
(2.36
)
  
$
(1.99
)
Diluted (loss) per share
  
$
(1.20
)
  
$
(0.99
)
  
$
(2.36
)
  
$
(1.99
)

We incurred a net loss for the three and six months ended June 30, 2026 and 2025; therefore, all potentially dilutive securities representing shares of common stock (218,337 at June 30, 2026 and 248,488 at June 30, 2025) were excluded from the computation of diluted earnings per share, because their effect would have been antidilutive.