XML 29 R15.htm IDEA: XBRL DOCUMENT v3.25.3
NET LOSS PER SHARE
 9 Months Ended
Sep. 30, 2025
NET LOSS PER SHARE  
NET LOSS PER SHARE

9.

NET LOSS PER SHARE

Basic loss per share and diluted loss per share for the three and nine months ended September 30, 2025 and 2024 have been computed by dividing the net loss for each respective period by the weighted average number of shares outstanding during that period.

Net income per common share is calculated as basic net income per share and diluted net income per share. Basic net income per share excludes dilution and is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted net income per share is computed in the same manner as basic net income after assuming issuance of common stock for all potentially dilutive equivalent shares, which includes the potential dilution that could occur: (i) if the RSUs with service conditions were fully vested (using the treasury stock method); (ii) if all of the Company’s outstanding stock options that are in-the-money were exercised (using the treasury stock method); (iii) if the RSUs with service and market conditions were considered contingently issuable; (iv) if the RSUs with service and performance conditions were considered contingently issuable; (v) if outstanding warrants were exercised; and (vi) if convertible debt was converted to common stock.

The following table summarizes earnings per share calculations:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Three Months Ended

​

Nine Months Ended

​

​

September 30,

​

September 30,

​

    

2025

    

2024

    

2025

    

2024

​

​

(amounts, in thousands, except share and per share data)

Basic and diluted earnings per common share:

 

​

  

 

​

  

 

​

  

 

​

  

Net loss

​

$

(3,170)

​

$

(2,768)

​

$

(2,701)

​

$

(13,152)

Basic and diluted weighted average common shares outstanding

​

 

62,753,959

​

 

54,453,006

​

 

62,038,902

​

 

54,340,583

Basic and diluted earnings per common share

​

$

(0.05)

​

$

(0.05)

​

$

(0.04)

​

$

(0.24)

​

Certain stock options and restricted stock units are not included in the diluted earnings per share calculation when the effect would be anti-dilutive. The number of anti-dilutive shares were 11,264,903 and 11,387,763 for the three and nine months ended September 30, 2025, respectively.