Note 15 - Loss Per Share

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

15. LOSS PER SHARE

Basic net earnings (loss) per common share is computed by dividing net earnings (loss) by the weighted-average number of common shares outstanding for the period. Diluted net earnings (loss) per common share is computed similar to basic net loss per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued. Potentially dilutive shares arise from non-vested restricted stock and non-qualified stock options granted under the Equity Plan. The treasury stock method is applied to determine the number of potentially dilutive shares. The potentially dilutive shares were excluded from the computation of diluted weighted average common stock shares outstanding because their effect would have been antidilutive.

Basic and diluted weighted-average shares outstanding were 19.7 million and 20.4 million, respectively, for each of the three months ended September 30, 2025 and the three months ended September 30, 2024.

Basic and diluted weighted-average shares outstanding were both 19.7 for the nine months ended September 30, 2025. Basic and diluted weighted-average shares outstanding were 19.7 and 20.4 million respectively, for the nine months ended September 30, 2024.