Quarterly report [Sections 13 or 15(d)]

NET LOSS PER SHARE

NET LOSS PER SHARE

9 Months Ended

Sep. 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 82,500 and 520,000 at September 30, 2026 and 2025, respectively, consisted of outstanding restricted stock units. However, since the Company generated a net loss for the three and nine months ended September 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:


	Nine Months Ended September 30,				Three Months Ended September 30,
	2026		2025		2026		2025
Weighted-average common shares outstanding – basic		22,839,263		22,858,180		22,867,447		22,807,916
Dilutive effect of restricted stock units and stock options		—		—		—		—
Weighted-average common shares outstanding – diluted		22,839,263		22,858,180		22,867,447		22,807,916
Restricted stock units excluded from the computation of diluted loss per share because the effect of inclusion would have been anti-dilutive		82,500		520,000		82,500		520,000