Earnings (Loss) Per Common Share

12 Months Ended

Dec. 31, 2025

Earnings (Loss) Per Common Share [Abstract]

Note 15. Earnings (Loss) Per Common Share

Basic income (loss) per share was computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the period. The computation of diluted income (loss) per share reflected the effect of potentially dilutive securities.

A reconciliation of the numerator and denominator of the income (loss) per common share calculations is as follows:

For the Year Ended December 31, 2025

	Income			Weighted Average Shares Outstanding (in thousands)			Per Share Amount
Basic and Diluted Earnings Per Common Share
Net income before preferred stock dividends	$	6,017			20,398
Less preferred stock dividends		(399	)		-
Net income applicable to common shareholders	$	5,618			20,398	$	0.28

	For the Year Ended December 31, 2024 (Restated)
		Loss			Weighted Average Shares Outstanding (in thousands)			Per Share Amount
Basic and Diluted Loss Per Common Share
Net loss before preferred stock dividends		$	(1,393	)		20,400
Less preferred stock dividends			(399	)		-
Net loss applicable to common shareholders		$	(1,792	)		20,400	$	(0.09	)

The assumed conversion of the Company’s Series D Preferred Stock was excluded from the earnings per common share calculation for 2025 and 2024 since its impact would have been antidilutive.