EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2025

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 3 – EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed as net income (loss) available to common stockholders divided by the weighted average number of common shares outstanding for the period. Diluted EPS is calculated the same as Basic EPS but reflects the potential dilution that could occur from common shares issuable through stock options, restricted stock units (“RSUs”), and warrants in the weighted average number of common shares outstanding. Each stock option, RSU, and warrant represents the right to receive one share of the Company’s common stock.

The potentially dilutive common stock equivalents not included in the calculation of diluted earnings per share as their effect would have been anti-dilutive were as follows:

	Three months ended September 30,		Nine months ended September 30,
	2025	2024	2025	2024
Warrants	4,369,393	12,346,215	4,369,393	12,346,215
Stock options and RSU awards	8,726,834	6,408,333	8,726,834	6,408,333
Total possible share dilution	13,096,227	18,754,548	13,096,227	18,754,548