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Note 13 - Net Income (Loss) Per Share
 6 Months Ended
Jun. 30, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

13. NET INCOME (LOSS) PER SHARE

 

The calculation of net income (loss) per common share including the number of shares for both basic and diluted net income (loss) per share is as follows (in thousands, except share and per share data):

 

  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2023

  

2022

  

2023

  

2022

 

Weighted average shares:

                

Basic weighted average number of common shares outstanding

  18,464,929   18,253,066   18,445,775   18,222,426 

Dilutive securities (1)

  —   —   —   — 

Total shares including dilutive securities

  18,464,929   18,253,066   18,445,775   18,222,426 
                 

Net income (loss):

                

Net income (loss) from continuing operations

 $(2,174) $(2,075) $(1,090) $(2,434)

Loss from discontinued operations, net of income tax

  —   (93)  —   (140)

Net income (loss)

 $(2,174) $(2,168) $(1,090) $(2,574)
                 

Net income (loss) per common share:

                

Basic net income (loss) per common share from continuing operations

 $(0.12) $(0.11) $(0.06) $(0.13)

Basic loss per common share from discontinued operations

  —   (0.01)  —   (0.01)

Basic net income (loss) per common share

  (0.12)  (0.12)  (0.06)  (0.14)
                 

Diluted net income (loss) per common share from continuing operations

 $(0.12) $(0.11) $(0.06) $(0.13)

Diluted loss per common share from discontinued operations

  —   (0.01)  —   (0.01)

Diluted net income (loss) per common share

  (0.12)  (0.12)  (0.06)  (0.14)

 

 

 

(1)

The Company had no dilutive securities for the three and six months ended June 30,2023 and 2022 since the Company incurred net losses for both continuing and discontinued operations for these periods as inclusion would be antidilutive. Securities that were excluded that would have had an anti-diluted effect consist of restricted stock units of 97,459, stock options of 2,074,505 and stock appreciation rights of 658,437.