8.
BASIC AND DILUTED (LOSS) EARNINGS PER SHARE
Basic
(loss) earnings per share data for each period presented is computed using the weighted average number of shares of common stock outstanding
during each such period. Diluted (loss) earnings per share data is computed using the weighted average number of common and dilutive
common equivalent shares outstanding during each period. Dilutive common equivalent shares consist of shares that would be issued upon
the exercise of stock options and vesting of restricted stock units, computed using the treasury stock method.
In
periods of net loss, diluted loss per share is computed using the same number of weighted-average shares as basic loss per share, as
the inclusion of potentially dilutive securities would be anti-dilutive.
A
reconciliation of basic and diluted (loss) earnings per share is as follows (in thousands, except per share data):
SCHEDULE
OF RECONCILIATION BASIC AND DILUTED EARNINGS (LOSS) PER SHARE
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
For the Three Months Ended | | |
For the Six Months Ended | |
| | |
June 30, | | |
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Numerator: | |
| | |
| | |
| | |
| |
| Loss from continuing operations | |
$ | (2,059 | ) | |
$ | (1,228 | ) | |
$ | (4,567 | ) | |
$ | (3,304 | ) |
| (Loss) income from discontinued operations, net of income taxes | |
| - | | |
| (100 | ) | |
| - | | |
| 1,047 | |
| Net loss | |
$ | (2,059 | ) | |
$ | (1,328 | ) | |
$ | (4,567 | ) | |
$ | (2,257 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted average common shares outstanding - basic and diluted | |
| 11,096,266 | | |
| 11,104,058 | | |
| 11,096,599 | | |
| 11,112,117 | |
| | |
| | | |
| | | |
| | | |
| | |
| Basic and diluted (loss) earnings per share: | |
| | | |
| | | |
| | | |
| | |
| Loss per share from continuing operations | |
$ | (0.19 | ) | |
$ | (0.11 | ) | |
$ | (0.41 | ) | |
$ | (0.30 | ) |
| (Loss) earnings per share from discontinued operations | |
| - | | |
| (0.01 | ) | |
| - | | |
| 0.09 | |
| Basic and diluted loss per share | |
$ | (0.19 | ) | |
$ | (0.12 | ) | |
$ | (0.41 | ) | |
$ | (0.21 | ) |
The
following securities were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive:
SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
For the Three Months Ended | | |
For the Six Months Ended | |
| | |
June 30, | | |
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Stock options | |
| 531,499 | | |
| 550,834 | | |
| 531,499 | | |
| 550,834 | |
| Total | |
| 531,499 | | |
| 550,834 | | |
| 531,499 | | |
| 550,834 | |
|