Note 3 - Net Income (Loss) Per Common Share - Basic and Diluted

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

(3)       Net Income (Loss) Per Common Share - Basic and Diluted

For the three and six months ended June 30, 2024, the Company had 27,862,500 stock options outstanding, 5,250,000 restricted stock units outstanding, and 4,063 outstanding shares of Series C redeemable convertible preferred stock (Series C Preferred Stock), each of which were not included in the computation of diluted income (loss) per common share because they would be anti-dilutive.

For the three and six months ended June 30, 2023, the Company had 26,012,500 stock options outstanding, 7,000,000 restricted stock units outstanding, and 4,063 outstanding shares of Series C Preferred Stock, each of which were not included in the computation of diluted income (loss) per common share because they would be anti-dilutive.

The table below shows the calculation of diluted shares:

	3 Months Ended				6 Months Ended
	June 30,		June 30,		June 30,		June 30,
	2024		2023		2024		2023
Weighted average common shares outstanding - basic		522,779,643		517,926,610		521,473,413		516,746,718
Effects of dilutive shares
Stock Options		—		—		—		—
Series C Preferred Stock		—		—		—		—
Weighted average common shares outstanding - diluted		522,779,643		517,926,610		521,473,413		516,746,718

The table below summarizes common stock equivalents outstanding at June 30, 2024 and June 30, 2023:

	June 30,
	2024		2023
Stock options		27,862,500		26,012,500
Restricted Stock Units		5,250,000		7,000,000
Shares of Series C Preferred Stock		40,630,000		40,630,000
		73,742,500		73,642,500