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Note 3 - Net Income (Loss) Per Common Share
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

3.     NET INCOME (LOSS) PER COMMON SHARE

 

The following table illustrates the computation of basic and diluted net income (loss) per common share for the periods indicated (in thousands, except per share data):

 

  

Year Ended December 31,

 
  

2025

  

2024

 
  

Loss

  

Shares

  

Per Share

  

Income

  

Shares

  

Per Share

 

Basic net income (loss) per common share:

                        

Net income (loss) available to common stockholders

 $(882)  11,496  $(0.08) $572   11,467  $0.05 

Effect of dilutive securities:

                        

Non-vested restricted stock

  —   —       —   23     

Diluted net income (loss) per common share:

                        

Net income (loss) available to common stockholders plus assumed dilution

 $(882)  11,496  $(0.08) $572   11,490  $0.05 

 

In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. As such, non-vested restricted stock totaling 8,063 shares were not included for 2025.