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EARNINGS (LOSS) PER COMMON SHARE
9 Months Ended
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,
2025202420252024
Net income (loss)$147,745 $(8,768,319)$1,210,013 $(14,228,997)
Weighted average shares outstanding - basic17,074,681 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 - basic17,074,681 16,956,497 17,142,358 17,024,645 
Plus:
“In-the-money” stock options188 — 188 — 
Contingently issuable restricted stock units1,302,291 — 1,008,550 — 
Less:
Shares offset for in-the-money options (treasury stock method)(97)— (126)— 
Weighted average shares outstanding - diluted18,377,063 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,
2025202420252024
Stock options22,427 336,561 22,247 336,561 
Restricted stock units367,800 1,693,080 398,450 1,498,841 
Total excluded shares390,227 2,029,641 420,697 1,835,402