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Note 11 - Net Income Per Share
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

11. NET INCOME PER SHARE

 

The calculation of net income per common share for the three months ended March 31, 2025 and 2024 are presented below. Dilutive securities consist of unvested restricted stock units ("RSUs") deemed outstanding using the treasury method.  There were no dilutive securities at  March 31, 2025, as all RSUs had vested and 2,074,505 stock options had exercise prices exceeding the market price and inclusion would have been anti-dilutive for the period due to the Company's net loss at  March 31, 2025. At  March 31, 2024 RSUs excluded from dilutive securities under the treasury method were 11,593 shares; 2,074,505 stock options were excluded, as the exercise price exceeded the market price and 658,437 stock appreciation rights ("SARs") were excluded, as the price exceeded the market price. The SARs expired unexercised on December 31, 2024. 

 

  

Three Months Ended

 
  

March 31,

 
  

2025

  

2024

 

Weighted average shares:

        

Basic weighted average number of common shares outstanding

  18,591,374   18,578,815 

Dilutive securities

  —   1,996 

Total shares including dilutive securities

  18,591,374   18,580,811 
         

Net income (loss)

 $(1,598) $1,469 
         

Net income (loss) per common share:

        

Basic net income (loss) per common share

 $(0.09) $0.08 

Diluted net income (loss) per common share

 $(0.09) $0.08