Note 2 - Loss Per Share

3 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 2 — LOSS PER SHARE

Basic loss per share data for each period presented is computed using the weighted average number of shares of common stock outstanding during each such period. Diluted loss per share data is computed using the weighted average number of common and potentially dilutive securities outstanding during each period. Potentially dilutive securities consist of shares that would be issued upon the exercise of stock options and warrants, computed using the treasury stock method. A reconciliation of basic and diluted loss per share is as follows:

Loss per Share	For the Three Months
(In Thousands except for share	Ended September 30
and per share price)	2025		2024
Numerator:
Net income (loss)	$	509	$	(25	)
Denominator:
Basic Weighted average basic shares outstanding		9,939,123		9,896,850
Effect of dilutive share-based awards		293,750		—
Weighted-average dilutive shares		10,232,873		9,896,850
Net income (loss) per share
Basic earnings per share	$	0.05	$	(0.00	)
Diluted earnings per share	$	0.05	$	(0.00	)

For the quarter ended September 30, 2024, the following securities were excluded from the calculation of diluted loss per share in each period because their inclusion would have been anti-dilutive:

	For the Three Months Ended
	September 30,		September 30,
	2025		2024
Options		450,000		250,000
Total potentially dilutive shares		450,000		250,000

For the three months ended September 30, 2025 the Company had net income while on  September 30, 2024 the Company had a net loss. However, all potentially dilutive securities were also deemed to be anti-dilutive because their exercise price exceeded the weighted average trading price of the Company’s stock for the period.