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Earnings Per Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share

Note 8 – Earnings Per Share

The following table shows the calculation of basic and diluted earnings per share ("EPS") and the weighted average number of shares outstanding used in computing EPS and the effect on the weighted average number of shares outstanding of dilutive potential common stock for the periods stated. For the three months ended March 31, 2025 and 2024, all outstanding stock options, performance-based stock awards ("PSAs"), and warrants relating to the Company’s common stock were considered anti-dilutive, as applicable, and excluded from the computation of diluted EPS, due to the net loss in the respective periods.

 

 

For the three months ended March 31,

 

(Dollars in thousands, except per share data)

 

2025

 

 

2024

 

Net loss

 

$

(434

)

 

$

(2,893

)

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic

 

 

86,003,226

 

 

 

19,178,332

 

Effect of dilutive securities

 

 

—

 

 

 

—

 

Weighted average common shares outstanding, dilutive

 

 

86,003,226

 

 

 

19,178,332

 

 

 

 

 

 

 

 

Basic and diluted loss per common share

 

$

(0.01

)

 

$

(0.15

)