EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2025

Net income (loss) per share:

EARNINGS PER COMMON SHARE

NOTE 9: EARNINGS PER COMMON SHARE

Basic earnings per share (“EPS”) is calculated by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted EPS is calculated by dividing net income by the weighted-average number of common shares and 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 outstanding for the purpose of calculating basic and diluted EPS.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2025		2024		2025		2024
Weighted average common shares outstanding - basic		12,169		12,199		12,115		12,119
Dilutive effect of common stock equivalents		–		210		–		116
Weighted average common shares outstanding - diluted		12,169		12,409		12,115		12,235