NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS

3 Months Ended

Mar. 31, 2026

NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS

Basic loss per share is computed by dividing the Company’s net loss attributable to common shareholders by the weighted average number of shares outstanding during the period. When the effects are not anti-dilutive, diluted loss per share is computed by dividing the Company’s net loss attributable to common shareholders by the weighted average number of shares outstanding and the impact of all dilutive potential common shares, primarily stock options “in-the-money”, unvested restricted stock, and unvested restricted stock units. We have not allocated net income (loss) attributable to warrants because the holders of our warrants are not contractually obligated to share in our income (loss). The dilutive impact of stock options, unvested restricted stock, and unvested restricted stock units is determined by applying the “treasury stock” method. Performance-based restricted stock awards are included in the computation of diluted loss per share only to the extent that the underlying performance conditions: (i) are satisfied prior to the end of the reporting period; or (ii) would be satisfied if the end of the reporting period were the end of the related performance period and the result would be dilutive under the treasury stock method. Stock awards subject to vesting or exercisability based on the achievement of market conditions are included in the computation of diluted earnings per share only when the market conditions are met.

A reconciliation of the numerators and denominators of the basic and diluted loss per share calculations for the three months ended March 31, 2026 and 2025 were as follows:


	Three Months Ended March 31,
	2026		2025
Loss per share attributable to common shareholders (“EPS”):



Basic	$	(1.17)	$	(0.59)



Diluted	$	(1.17)	$	(0.59)
EPS numerator - basic and diluted:


Net loss attributable to common shareholders	$	(4,385)	$	(1,756)
EPS denominator (in thousands):
Weighted average common stock outstanding - basic	3,744		2,985
Common stock equivalents: restricted stock units and restricted shares of common stock (a)	—		—
Weighted average number of common stock outstanding - diluted	3,744		2,985

(a) The diluted weighted average number of shares of common stock outstanding did not differ from the basic weighted average number of shares of common stock outstanding because the effects of any potential common stock equivalents (see Note 6 to the Condensed Consolidated Financial Statements for further details on unvested restricted stock units) were anti-dilutive and therefore not included in the calculation of the denominator of dilutive earnings per share.