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Note 18 - Earnings Per Common Share
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

18. Earnings 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):

 

  

Year ended December 31,

 
  

2024

  

2023

  

2022

 
             

Numerator for basic and diluted earnings per common share:

            

Net income (loss) for the period

 $(109,860) $(96,197) $(27,571)
             

Denominator for basic and diluted earnings per common share:

            

Basic weighted average number of common shares outstanding

  10,967,581   10,864,086   10,769,280 

Effect of outstanding stock options

  -   -   - 

Diluted weighted average number of shares outstanding

  10,967,581   10,864,086   10,769,280 
             

Basic and diluted earnings per common share

 $(10.02) $(8.85) $(2.56)
             

 

For the year ended  December 31, 2024,   December 31, 2023  and December 31, 2022 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.