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Note 9 - Basic and Diluted Earnings (Loss) Per Common Share

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

9. Basic and Diluted Earnings (Loss) per Common Share:

The following table reconciles the numerators and denominators of the basic and diluted earnings per common share computation (Dollar amounts in thousands of US dollars, except for share data):

		*Three Months Ended March 31,*
		*2024*				*2023*

Numerator for basic and diluted loss per common share:
Net loss for the period		$	(26,484	)		$	(19,083	)

Denominator for basic and diluted loss per common share:
Basic weighted average number of common shares outstanding			10,923,599				10,806,321
Effect of outstanding stock options			-				-
Diluted weighted average number of shares outstanding			10,923,599				10,806,321

Basic and diluted loss per common share		$	(2.42	)		$	(1.77	)

For the three months ended March 31, 2024 and March 31, 2023 the Company recorded a net loss, thus all outstanding options were considered anti-dilutive and excluded from the computation of diluted income per common share.