v3.26.3
EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2025
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 17 - EARNINGS PER SHARE

 

Weighted average number of common shares outstanding:

 

In Thousands of Shares

Description

 

2025

 

 

2024

 

 

2023

 

Issued common shares at January 1

 

 

94,540

 

 

 

91,687

 

 

 

90,515

 

Effect of shares issued

 

 

1,500

 

 

 

1,984

 

 

 

1,172

 

Weighted average number of common shares outstanding at December 31

 

 

96,040

 

 

 

93,671

 

 

 

91,687

 

 

Diluted loss per share was the same amount as basic loss per share, as the effect of options and warrants would have been anti-dilutive because the Corporation incurred losses in each of the years presented. All outstanding options could potentially be dilutive in the future. For the year ending Dec. 31, 2025, the net loss was $4,275,475 resulting in a loss $0.05 per share, and the total number of shares that would have been issued upon exercise of options and warrants, and that were in the money, was zero.