Net Loss per Share

6 Months Ended

Jun. 30, 2026

(8) Net Loss per Share

Basic net income per share is based on the weighted average number of common shares outstanding. Diluted net income per share is based on the weighted average number of common shares outstanding and the dilutive effect of outstanding stock options.


	3 Months Ended June 30,					6 Months Ended June 30,
	2026		2025			2026		2025

Weighted average common shares outstanding – basic		10,767,501		10,767,501			10,767,501		10,744,826
Potential shares exercisable under stock option plans		-		311,673			-		312,731
Less: Dilutive effect of outstanding stock option awards		-		(226,100	)		-		(214,387	)

Weighted average common shares outstanding – diluted		10,767,501		10,853,074			10,767,501		10,843,170

For the three and six months ended June 30, 2026, diluted net loss per share is the same as basic net loss per share because the effect of potential common shares was anti-dilutive due to the net loss reported for the period.

For the three and six months ended June 30, 2025, the computation of diluted net income per share excludes the effects of the assumed exercise of 501,450 and 500,450 options, respectively, since their inclusion would be anti-dilutive as their exercise prices were above the average market value.