Quarterly report [Sections 13 or 15(d)]

LOSS PER SHARE

LOSS PER SHARE

6 Months Ended

Jun. 30, 2026

NOTE E – NET 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 125,000 and 517,500 at June 30, 2026 and 2025, respectively, consisted of outstanding restricted stock units. However, since the Company generated a net loss for the three and six months ended June 30, 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:


	Six Months Ended June 30,				Three Months Ended June 30,
	2026		2025		2026		2025
Weighted-average common shares outstanding – basic		22,824,937		22,883,729		22,836,456		22,873,907
Dilutive effect of restricted stock units and stock options		—		—		—		—
Weighted-average common shares outstanding – diluted		22,824,937		22,883,729		22,836,456		22,873,907
Restricted stock units excluded from the computation of diluted loss per share because the effect of inclusion would have been anti-dilutive		125,000		517,500		125,000		517,500