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Note 10 - Basic and Diluted Loss Per Common Share

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

10. 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 U.S. dollars, except for share data):

		*Three Months Ended September 30,*								*Nine Months Ended September 30,*
		*2025*				*2024*				*2025*				*2024*

Numerator for basic and diluted loss per common share:
Net loss for the period		$	(23,019	)		$	(22,297	)		$	(53,789	)		$	(67,385	)

Denominator for basic and diluted loss per common share:
Basic and diluted weighted average number of common shares outstanding			11,079,486				10,982,820				11,053,725				10,953,778

Basic and diluted loss per common share		$	(2.08	)		$	(2.03	)		$	(4.87	)		$	(6.15	)

For the three and nine months ended September 30, 2025 and September 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.