Quarterly report [Sections 13 or 15(d)]

LOSS PER SHARE

LOSS PER SHARE

3 Months Ended

Mar. 31, 2025

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 restricted stock units. Potentially dilutive shares of 525,000 and 546,250 at March 31, 2025 and 2024, respectively, consisted of outstanding restricted stock units. However, since the Company generated a net loss for the three months ended March 31, 2025 and 2024, 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:


	Three Months Ended March 31,
	2025		2024

Weighted-average common shares outstanding – basic		22,914,799		23,540,468
Dilutive effect of restricted stock units and stock options		—		—
Weighted-average common shares outstanding – diluted		22,914,799		23,540,468
Restricted stock units excluded from the computation of diluted loss per share because the effect of inclusion would have been anti-dilutive		525,000		546,250