Quarterly report [Sections 13 or 15(d)]

LOSS PER SHARE

LOSS PER SHARE

3 Months Ended

Mar. 31, 2026

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 132,500 and 525,000 at March 31,2026 and 2025, respectively, consisted of outstanding restricted stock units. However, since the Company generated a net loss for the three months ended March 31, 2026 and 2025, 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,
	2026		2025
Weighted-average common shares outstanding – basic		22,813,290		22,914,799
Dilutive effect of restricted stock units and stock options		—		—
Weighted-average common shares outstanding – diluted		22,813,290		22,914,799
Restricted stock units excluded from the computation of diluted loss per share because the effect of inclusion would have been anti-dilutive		132,500		525,000