Quarterly report pursuant to Section 13 or 15(d)

LOSS PER SHARE

LOSS PER SHARE

9 Months Ended

Sep. 30, 2024

NOTE E – LOSS PER SHARE

Basic loss per share is calculated by dividing the net loss by the weighted average number of outstanding common shares during the period. Diluted per share data includes the dilutive effects of options and restricted stock units. Potentially dilutive shares of 495,000 and 598,750 at September 30, 2024 and 2023, respectively, consisted of outstanding restricted stock units. and stock options. However, since the Company generated a net loss in 2024 and 2023, 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 were as follows:


	Nine Months Ended September 30,				Three Months Ended September 30,
	2024		2023		2024		2023
Weighted-average common shares outstanding – basic		23,337,716		23,867,204		23,126,480		23,803,567
Dilutive effect of restricted stock units and stock options		—		—		—		—
Weighted-average common shares outstanding – diluted		23,337,716		23,867,204		23,126,480		23,803,567
Restricted stock units excluded from the computation of diluted loss per share because the effect of inclusion would have been anti-dilutive		495,000		598,750		495,000		598,750