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Note 9 - Basic and Diluted Loss Per Common Share
 6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

9. Basic and Diluted Loss per Common Share:

 

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

 

  

Three Months Ended June 30,

  

Six Months Ended June 30,

 
  

2025

  

2024

  

2025

  

2024

 
                 

Numerator for basic and diluted loss per common share:

                

Net loss for the period

 $(15,637) $(18,604) $(30,770) $(45,088)
                 

Denominator for basic and diluted loss per common share:

                

Basic and diluted weighted average number of common shares outstanding

  11,060,818   10,954,596   11,046,531   10,939,098 
                 

Basic and diluted loss per common share

 $(1.41) $(1.70) $(2.79) $(4.12)

 

For the three and six months ended June 30, 2025 and June 30, 2024, 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.