Earnings (Loss) per Common Share

6 Months Ended

Jun. 30, 2025

Loss Per Common Share [Abstract]

Earnings (loss) per common share

10. Earnings (loss) per common share

The following table sets forth the computation of basic and diluted earnings (loss) per common share for the periods presented (in thousands, except per share amounts):

	Three Months Ended June 30,					Six Months Ended June 30,
	2025		2024			2025			2024
Numerator:
Income (loss) from continuing operations, net of income taxes	$	545	$	(1,050	)	$	(91	)	$	(1,859	)
Income (loss) from discontinued operations, net of income taxes		6		(40	)		(11	)		35
Net income (loss)	$	551	$	(1,090	)	$	(102	)	$	(1,824	)
Denominator:
Weighted average common shares for basic income (loss) per common share		11,574		11,532			11,563			11,532
Effect of dilutive securities		—		—			—			—
Weighted average common shares for diluted income (loss) per common share		11,574		11,532			11,563			11,532
Earnings (loss) per common share, continuing operations, net of income taxes
Basic	$	0.05	$	(0.09	)	$	(0.01	)	$	(0.16	)
Diluted	$	0.05	$	(0.09	)	$	(0.01	)	$	(0.16	)
Earnings (loss) per common share, discontinued operations, net of income taxes
Basic	$	0.00	$	(0.00	)	$	(0.00	)	$	0.00
Diluted	$	0.00	$	(0.00	)	$	(0.00	)	$	0.00

For the three months ended June 30, 2025, the remaining balance of the Company’s warrants and stock options were excluded from the calculation of diluted earnings per share because the weighted exercise prices of the warrants and stock options were greater than or equal to the average price of the common shares and were therefore anti-dilutive.

For the three months ended June 30, 2024 and for the six months ended June 30, 2024 and 2025, respectively, since we reported a net loss from continuing operations, our potentially dilutive securities are deemed to be anti-dilutive, accordingly, there was no effect of dilutive securities. Therefore, our basic and diluted loss per common share and our basic and diluted weighted average common shares from continuing operations are the same for the three and six months ended June 30, 2025 and 2024.

The following table sets forth the outstanding securities as of the periods presented which were not included in the calculation of diluted earnings (loss) per common share during the respective three and six months ended June 30, 2025 and 2024 (in thousands):

	As of June 30,
	2025		2024
Stock options		51		63
RSUs		—		38
PSUs		—		5
Warrants		98		97
		149		203