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EARNINGS (LOSS) PER COMMON SHARE | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
EARNINGS (LOSS) PER COMMON SHARE | EARNINGS (LOSS) PER COMMON SHARE Basic earnings (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per common share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period, adjusted for the potential dilutive effect of stock options, unvested restricted stock units, and other convertible securities. The calculation includes the effect of dilutive securities only when their inclusion would not be anti-dilutive. For share-based awards, the Company uses the treasury stock method, which assumes proceeds from the assumed exercise or vesting are used to repurchase shares at the average market price during the period.
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Net income (loss) |  | $ | 147,745 |  |  | $ | (8,768,319) |  |  | $ | 1,210,013 |  |  | $ | (14,228,997) |
Weighted average shares outstanding - basic |  | 17,074,681 |  |  | 16,956,497 |  |  | 17,142,358 |  |  | 17,024,645 |
Basic income (loss) per common share |  | $ | 0.01 |  |  | $ | (0.52) |  |  | $ | 0.07 |  |  | $ | (0.84) |
Weighted average shares outstanding - basic |  | 17,074,681 |  |  | 16,956,497 |  |  | 17,142,358 |  |  | 17,024,645 |
Plus: |  |  |  |  |  |  |  |
“In-the-money” stock options |  | 188 |  |  | — |  |  | 188 |  |  | — |
Contingently issuable restricted stock units |  | 1,302,291 |  |  | — |  |  | 1,008,550 |  |  | — |
Less: |  |  |  |  |  |  |  |
Shares offset for in-the-money options (treasury stock method) |  | (97) |  |  | — |  |  | (126) |  |  | — |
Weighted average shares outstanding - diluted |  | 18,377,063 |  |  | 16,956,497 |  |  | 18,150,970 |  |  | 17,024,645 |
Diluted income (loss) per common share |  | $ | 0.01 |  |  | $ | (0.52) |  |  | $ | 0.07 |  |  | $ | (0.84) |
The Company excluded the following weighted average items from the above computation of diluted loss per common share, as their effect would be anti-dilutive:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Stock options |  | 22,427 |  |  | 336,561 |  |  | 22,247 |  |  | 336,561 |
Restricted stock units |  | 367,800 |  |  | 1,693,080 |  |  | 398,450 |  |  | 1,498,841 |
Total excluded shares |  | 390,227 |  |  | 2,029,641 |  |  | 420,697 |  |  | 1,835,402 |

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