Earnings Per Common Share

12 Months Ended

Dec. 31, 2024

Earnings per common share:

Earnings Per Common Share

3. Earnings Per Common Share

Basic net income/(loss) per common share is computed by dividing the net income/(loss) for the period by the weighted-average number of common shares outstanding during the period. Diluted net income per common share is computed giving effect to all dilutive common stock equivalents, consisting of common stock options. Diluted net loss per common share for the year ended December 31, 2023 is the same as basic net loss per common share because the common share equivalents were anti-dilutive due to the net loss. The following table sets forth the computation of basic and diluted net income/(loss) per common share

	Year Ended December 31,
	2024		2023
Net income/(loss) (in thousands) (A)	$	1,677	$	(362	)
Weighted-average share reconciliation:
Weighted-average basic shares outstanding (B)		26,757,242		25,944,748
Dilutive effect of stock-based awards		3,262,117		-
Diluted weighted-average outstanding shares of common stock (C)		30,019,359		25,944,748
Earnings per common share:
Basic (A/B)	$	0.06	$	(0.01	)
Diluted (A/C)	$	0.06	$	(0.01	)

For the years ended December 31, 2024 and 2023, respectively, the following potentially dilutive common stock, including awards granted under our equity incentive compensation plans, were excluded from the computation of diluted earnings per share because including them would be anti-dilutive.  

	Year Ended December 31,
	2024		2023
Stock options		1,650,687		4,580,824