Note 7 - Earnings Per Share

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 7. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended				Nine Months Ended
	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
Numerator:
Net income for basic and diluted earnings per share	$	3,436	$	2,357	$	9,309	$	4,702
Denominator for basic earnings per share weighted average shares		3,708,717		3,539,841		3,643,097		3,536,100
Effect of dilutive securities:
Options, restricted stock units, and warrants		242,716		211,232		270,051		87,141
Denominator for diluted earnings per share weighted average shares		3,951,433		3,751,073		3,913,148		3,623,241
Basic earnings per share	$	0.93	$	0.67	$	2.56	$	1.33
Diluted earnings per share	$	0.87	$	0.63	$	2.38	$	1.30

Approximately 184,627 stock options and 54,189 restricted stock units for the three and nine months ended September 30, 2025, and approximately 21,700 stock options and 20,435 restricted stock units for the three months and nine months ended September 30, 2024, were excluded from the calculation because they were anti-dilutive.