v3.26.1
Income (Loss) per share
6 Months Ended
Jun. 30, 2026
Income (Loss) per share  
Income (Loss) per share

7. Income (Loss) per share


Basic net income (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share reflects the potential dilution that would occur if outstanding options and warrants were exercised, using the treasury stock method, except when the effect would be anti-dilutive. All share and per-share amounts have been retroactively adjusted to reflect the Company's 1-for-15 reverse stock split (see Note 1).


As discussed in Note 2 — Discontinued Operations and Assets Held for Sale, the Company presents basic and diluted income (loss) per share separately for continuing operations, discontinued operations, and total for each period presented. In accordance with ASC 260-10-45-18, income (loss) from continuing operations is used as the control number in determining whether potential common shares are dilutive. Because the Company reported a loss from continuing operations in each period presented, all outstanding options and warrants were anti-dilutive and were excluded from the computation of diluted income (loss) per share for all periods, including the computation of diluted income per share from discontinued operations. Accordingly, diluted income (loss) per share equals basic income (loss) per share for all periods presented.

 

The Class A Redeemable Preferred Stock was issued on July 18, 2025 and was not outstanding during the three or six months ended June 30, 2025. Upon the closing of the Asset Sale on October 24, 2025 it was reclassified from temporary equity to a current liability and ceased to be an equity instrument, and it was redeemed in full at par value on April 21, 2026 with holders receiving no distribution of Asset Sale proceeds. Accordingly, no income or loss was allocated to the Class A Redeemable Preferred Stock under the two-class method in any period presented. See Note 3 — Capital Structure: Class A Redeemable Preferred Stock.


The following table sets forth the computation of basic and diluted income (loss) per common share:

 

 


Three months ended June 30,

Six months ended June 30,

 


2026

2025

2026

2025

Numerator:

















Loss from continuing operations


$ (919 )
$ (1,205 )
$ (1,769 )
$ (2,019 )

Income (loss) from discontinued operations


$
5
$ (3,367 )
$ 368

$ (5,387 )

Net loss


$ (914 )
$ (4,572 )
$ (1,401 )
$ (7,406 )

Denominator:

















Basic weighted average shares outstanding



2,675,412


1,733,307


2,530,384


1,691,836

Dilutive common stock equivalents using treasury stock method













Diluted weighted average shares outstanding



2,675,412


1,733,307


2,530,384


1,691,836

 

















Basic income (loss) per share

















From continuing operations


$ (0.34 )
$ (0.70 )
$ (0.70 )
$ (1.19 )

From discontinued operations


$ 0.00
$ (1.94 )
$ 0.15

$ (3.19 )

Total


$ (0.34 )
$
(2.64 )
$ (0.55 )
$ (4.38 )

















Diluted income (loss) per share

















From continuing operations


$ (0.34 )
$ (0.70 )
$ (0.70 )
$ (1.19 )

From discontinued operations


$ 0.00
$
(1.94 )
$ 0.15

$ (3.19 )

Total


$ (0.34 )
$
(2.64 )
$ (0.55 )
$ (4.38 )

















Weighted average options, warrants and convertibles outstanding



630,011


435,551


500,930


404,319

Anti-dilutive options, warrants and convertibles not included in the computation



630,011


435,551


500,930


404,319