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Note 11 - Net Income Per Share
 6 Months Ended
Jun. 30, 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 six months ended June 30, 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  June 30, 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  June 30, 2025. At  June 30, 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 exercise price exceeded the market price. The SARs expired unexercised on December 31, 2024. 

 

  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2025

  

2024

  

2025

  

2024

 

Weighted average shares:

                

Basic weighted average number of common shares outstanding

  18,596,301   18,585,014   18,593,851   18,581,932 

Dilutive securities

  —   5,170   —   5,170 

Total shares including dilutive securities

  18,596,301   18,590,184   18,593,851   18,587,102 
                 

Net income (loss)

 $(613) $27  $(2,211) $1,496 
                 

Net income (loss) per common share:

                

Basic net income (loss) per common share

 $(0.03) $0.00  $(0.12) $0.08 

Diluted net income (loss) per common share

 $(0.03) $0.00  $(0.12) $0.08