Three Months Ended

March 31,

 

2026

 

2025

(in thousands, except per share data)

Net (loss)

$

(338)

$

(805)

Less: Preferred stock dividends

—

(100)

Net (loss) applicable to common stockholders

$

(338)

$

(905)

Weighted average common shares outstanding – basic

15,750

14,796

Dilutive potential common shares from convertible preferred stock and restricted stock units

—

Weighted average common shares outstanding – diluted

15,750

14,796

Earnings (loss) per common share, basic

$

(0.02)

$

(0.06)

Earnings (loss) per common share, diluted

$

(0.02)

$

(0.06)

Shares issuable upon conversion of Series A Convertible Preferred Stock excluded from calculation because their conversion would be anti-dilutive

—

900

Shares subject to restricted stock units excluded from calculation because their effect would be anti-dilutive

47