Annual report pursuant to Section 13 and 15(d)

Income (Loss) Per Share

Income (Loss) Per Share

12 Months Ended

Dec. 31, 2023

Note D – Income (Loss) Per Share

Basic Income (Loss) per share is calculated by dividing the net income (loss) by the weighted average number of outstanding common shares during the period. Diluted per share data included the dilutive effects of restricted stock units. Potentially dilutive shares of 587,500 and 625,000 at December 31, 2023 and 2022, respectively, consist of restricted stock units. However, as the Company generated a net loss in 2023 and 2022, all potentially dilutive shares were not reflected in diluted net loss per share because the impact of such instruments was anti-dilutive. Computations of basic and diluted weighted average common shares outstanding are as follows:

Schedule of earnings per share
	2023		2022

Weighted-average common shares outstanding – basic		23,791,287		23,825,917

Dilutive effect of restricted stock units		—		—

Weighted-average common shares outstanding – diluted		23,791,287		23,825,917

Restricted stock units excluded from the computation of diluted income per share because the effect of inclusion would have been anti-dilutive		587,500		625,000