Net Income (Loss) per Share

3 Months Ended

Mar. 31, 2025

Net Income (Loss) per Share

Net Income (Loss) per Share

12. Net Income (Loss) per Share.

Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average shares outstanding and excludes any dilutive effects of stock options and restricted stock units and awards. Diluted net income (loss) per share gives effect to all diluted potential common shares outstanding during the year.

In determining diluted net income (loss) per share, the Company considers whether the result of the incremental shares would be antidilutive. During the three months ended March 31, 2025, the Company did not have potentially dilutive securities. During the three months ended March 31, 2024, the Company was in a net loss position and the result of the potentially dilutive securities was determined to be antidilutive and therefore, no incremental shares are included in the per share calculation.

At March 31, 2025, no options were outstanding. At March 31, 2024, options to purchase 1,463 shares of common stock with a weighted average exercise price of $15.54 were outstanding and determined to be antidilutive.

Weighted average common shares outstanding for the three months ended March 31, 2025 and 2024 were as follows:

	Three Months Ended
	March 31,
	2025	2024
Denominator for basic net income (loss) per share - weighted average shares	1,770,000	1,743,000
Effect of dilutive securities:
Stock options and restricted stock units	—	—
Denominator for diluted net income (loss) per share - weighted average shares	1,770,000	1,743,000