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Note 14 - Loss Per Share

9 Months Ended

Sep. 30, 2025

NOTE 14 LOSS PER SHARE

The following table sets forth the reconciliation of numerators and denominators for the basic and diluted loss per share computation for the three and nine months ended September 30, 2025 and September 30, 2024:

(in thousands, except per share data)	Three months ended September 30,						Nine months ended September 30,
	2025			2024			2025			2024
Numerator:
Loss from continuing operations	$	(2,411	)	$	(2,176	)	$	(8,668	)	$	(6,644	)
Less: net income from continuing operations attributable to noncontrolling interests and redeemable noncontrolling interests		(45	)		(491	)		(322	)		(825	)
Less: dividends on preferred stock		(325	)		(13	)		(858	)		(13	)
Numerator used in calculating basic loss per share from continuing operations attributable to common shareholders	$	(2,781	)	$	(2,680	)	$	(9,848	)	$	(7,482	)
Numerator used in calculating diluted loss per share from continuing operations attributable to common shareholders	$	(2,781	)	$	(2,680	)	$	(9,848	)	$	(7,482	)
Loss from discontinued operations		—			(135	)		—			(181	)
Numerator used in calculating diluted loss per share - net loss attributable to common shareholders	$	(2,781	)	$	(2,815	)	$	(9,848	)	$	(7,663	)

Denominator:
Weighted-average basic shares
Weighted-average common shares outstanding		28,508			27,197			27,607			27,213
Weighted-average diluted shares
Weighted-average common shares outstanding		28,508			27,197			27,607			27,213
Effect of potentially dilutive securities (a)
Stock options		—			—			—			—
Unvested restricted stock awards		—			—			—			—
Convertible preferred stock		—			—			—			—
Total weighted-average diluted shares		28,508			27,197			27,607			27,213
Basic loss per share attributable to common shareholders:
Continuing operations	$	(0.10	)	$	(0.10	)	$	(0.36	)	$	(0.27	)
Discontinued operations	$	—		$	—		$	—		$	(0.01	)
Basic loss per share - net loss attributable to common shareholders:	$	(0.10	)	$	(0.10	)	$	(0.36	)	$	(0.28	)
Diluted loss per share attributable to common shareholders:
Continuing operations	$	(0.10	)	$	(0.10	)	$	(0.36	)	$	(0.27	)
Discontinued operations	$	—		$	—		$	—		$	(0.01	)
Diluted loss per share - net loss attributable to common shareholders	$	(0.10	)	$	(0.10	)	$	(0.36	)	$	(0.28	)

(a)

Potentially dilutive securities consist of stock options and unvested restricted stock awards, calculated using the treasury stock method, and convertible preferred stock, using the if-converted method. Because the Company is reporting a loss from continuing operations attributable to common shareholders for the three and nine months ended September 30, 2025 and September 30, 2024, all potentially dilutive securities outstanding were excluded from the calculation of diluted loss from continuing operations per share since their inclusion would have been anti-dilutive.

Basic loss per share excludes dilution and is computed by dividing loss attributable to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted loss per share is calculated using weighted-average diluted shares. Weighted-average diluted shares is calculated by adding the effect of potentially dilutive securities to weighted-average common shares outstanding. Potentially dilutive securities are excluded from the diluted loss per share computation in loss periods and when the applicable exercise price is greater than the market price on the period end date as their effect would be anti-dilutive.

The following weighted-average potentially dilutive securities are not included in the dilut ed loss per share calculations above because they would have had an antidilutive effect on the loss per share:

	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Stock options		265,000		265,000		265,000		265,000
Unvested restricted stock awards		343,302		448,964		343,302		448,964
Convertible preferred stock		1,710,526		868,421		1,710,526		868,421
Total		2,318,828		1,582,385		2,318,828		1,582,385