v3.26.3
Note 7 - Earnings (Loss) Per Share
3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

7.

Earnings (Loss) per Share

 

The following is the computation of earnings (loss) per basic and diluted share:

 

   

Three Months Ended March 31,

 

(in thousands, except share and per share data)

 

2025

   

2024

 
                 

Numerator:

               

Income (loss) from continuing operations

  $ (23 )   $ 292  

Add: After tax effect of convertible notes interest

    4       4  

Income (loss) from continuing operations attributable to Common Stockholders

    (19 )     296  

Income from discontinued operations, net of income taxes

    -       81  

Less: Noncontrolling interest in subsidiary

    -       (66 )

Income from discontinued operations attributable to Common Stockholders

    -       15  

Net earnings (loss) attributable for dilutive securities

  $ (19 )   $ 311  
                 

Denominator:

               

Weighted average number of common shares - basic

    493,968       493,968  

Dilutive effect of:

               

Shares issuable upon conversion of convertible notes payable (1)

    254,391       254,391  

Shares issuable upon conversion of 95,226 Class A Preferred Shares (1)

    4,380       4,380  

Shares issuable upon conversion of 231,944 Class C Preferred Shares (1)

    2,319,440       2,319,440  

Weighted average number of common shares - potentially dilutive

    493,968       3,072,179  
                 

Income (loss) from continuing operations:

               

Basic

  $ (0.04 )   $ 0.60  

Diluted

  $ (0.04 )   $ 0.10  

Income from discontinued operations:

               

Basic

  $ -     $ 0.03  

Diluted

  $ -     $ 0.00  

Earnings (loss) per share:

               

Basic

  $ (0.04 )   $ 0.63  

Diluted

  $ (0.04 )   $ 0.10  

 

 

(1)

In periods when we incur a net loss, the computation of diluted earnings per share for each of the periods above excludes shares issuable upon conversion of the Company’s Class A Preferred Shares, Class C Preferred Shares and convertible notes payable because the effect of the conversions would be anti-dilutive. Similarly, outstanding options and restricted Common Shares were not included in the computation of diluted earnings per share for each of the periods above because they would be anti-dilutive.