Quarterly report [Sections 13 or 15(d)]

LOSS PER SHARE

v3.25.3
LOSS PER SHARE
9 Months Ended
Sep. 30, 2025
Net loss per share  
LOSS PER SHARE

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 520,000 and 495,000 at September 30, 2025 and 2024, respectively, consisted of outstanding restricted stock units. However, since the Company generated a net loss for the three and nine months ended September 30, 2025 and 2024, 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,

 
   

2025

   

2024

   

2025

   

2024

 
                                 
Weighted-average common shares outstanding – basic     22,858,180       23,337,716       22,807,916       23,126,480  
Dilutive effect of restricted stock units and stock options                        
Weighted-average common shares outstanding – diluted     22,858,180       23,337,716       22,807,916       23,126,480  
Restricted stock units excluded from the computation of diluted loss per share because the effect of inclusion would have been anti-dilutive     520,000       495,000       520,000       495,000