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Note 7 - Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 7. EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share (“basic EPS”) is computed by dividing the net income or loss by the weighted average number of common shares outstanding for the reporting period. Diluted earnings (loss) per share (“diluted EPS”) gives effect to all dilutive potential shares outstanding. As the Company is in a net loss position for all periods presented, all potential shares outstanding are anti-dilutive. The following table provides the computation of basic and diluted loss per share.

		*Three Months Ended*
		*March 31,*
(in thousands, except per share data)		*2025*				*2024*
Numerator:
Net loss attributable to stockholders		$	(4,150	)		$	(7,576	)

Denominator:
Weighted average shares outstanding - basic and diluted			40,729				34,644

Loss per share:
Basic and diluted		$	(0.10	)		$	(0.22	)

Anti-dilutive instruments excluded from diluted loss per common share:
Options			7,947				8,513
Warrants			1,500				1,500

During November 2024, the Company sold pre-funded warrants to purchase 2,934,690 shares of its Common Stock. The pre-funded warrants are included in weighted average shares outstanding in the calculation of basic and diluted loss per share.