EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2024

Net income (loss) per share:

EARNINGS PER COMMON SHARE

NOTE 5: EARNINGS PER COMMON SHARE

Basic EPS is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding for the period. Diluted EPS is calculated by dividing net income (loss) by the weighted-average number of common shares and the dilutive effect of common stock equivalents (warrants, nonvested stock awards and stock options) using the treasury method.

In each relevant period, the net income used in the basic and diluted EPS calculations is the same. The following table reconciles the weighted-average basic number of common shares outstanding, and the weighted-average diluted number of common shares deemed outstanding for the purpose of calculating basic and diluted EPS.

	Years Ended December 31,
	2024		2023
Numerator:
Net income (loss)	$	2,620	$	(1,554	)
Denominator:
Weighted average number of common shares outstanding:
Basic		12,187		11,888
Diluted		12,344		11,888
Income (loss) per common share outstanding:
Basic	$	0.21	$	(0.13	)
Diluted	$	0.21	$	(0.13	)

At December 31, 2024 and 2023, there were outstanding options that were vested and exercisable into 438 and 875 shares of common stock, respectively; however, they have been excluded from the calculation of EPS because their exercise would be anti-dilutive.