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Note 15 - Loss Per Share
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

NOTE 15 – LOSS PER SHARE

 

The following table provides information relating to the calculation of loss per common share (dollars in thousands, except per share data):

 

  

Year ended December 31,

 
  

2025

  

2024

 

Basic and diluted loss per share

        

Net loss applicable to common shareholders

 $(31,460) $(61,410)

Weighted average common shares outstanding - basic and diluted

  119,667,774   86,717,724 

Basic and diluted loss per share

 $(0.26) $(0.71)

Common stock equivalents excluded due to anti-dilutive effect

  13,979,702   11,258,721 

 

As the Company had a net loss for the year ended December 31, 2025, the following 13,979,702 potentially dilutive securities were excluded from diluted loss per share: 12,902,528 for outstanding warrants, 423,034 related to outstanding options and 654,140 related to outstanding RSUs.

 

As the Company had a net loss for the year ended December 31, 2024, the following 11,258,721 potentially dilutive securities were excluded from diluted loss per share: 4,331,100 for outstanding warrants, 486,866 related to outstanding options, 664,329 related to the ATD Holdback Shares and 5,776,426 related to outstanding RSUs.