Annual report [Section 13 and 15(d), not S-K Item 405]

Income (Loss) Per Share

Income (Loss) Per Share

12 Months Ended

Dec. 31, 2024

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 487,500 and 587,000 at December 31, 2024 and 2023, respectively, consist of restricted stock units. However, as 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 are as follows:

Schedule of earnings per share
	2024		2023

Weighted-average common shares outstanding – basic		23,250,224		23,791,287

Dilutive effect of restricted stock units		—		—

Weighted-average common shares outstanding – diluted		23,250,224		23,791,287

Restricted stock units excluded from the computation of diluted income per share because the effect of inclusion would have been anti-dilutive		487,500		587,500