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Note 7 - Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 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

  

Six Months Ended

 
  

June 30,

  

June 30,

 

(in thousands, except per share data)

 

2025

  

2024

  

2025

  

2024

 

Numerator:

                

Net loss attributable to stockholders

 $(3,778) $(6,556) $(7,928) $(14,132)
                 

Denominator:

                

Weighted average shares outstanding - basic and diluted

  40,729   34,644   40,729   34,644 
                 

Loss per share:

                

Basic and diluted

 $(0.09) $(0.19) $(0.19) $(0.41)
                 

Anti-dilutive instruments excluded from diluted loss per common share:

                

Options

  8,581   8,430   8,581   8,430 

Warrants

  1,500   1,500   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.