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BASIC AND DILUTED (LOSS) EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
BASIC AND DILUTED (LOSS) EARNINGS PER SHARE

10. BASIC AND DILUTED (LOSS) EARNINGS PER SHARE

 

Basic (loss) earnings per share data for each period presented is computed using the weighted average number of shares of common stock outstanding during each such period. Diluted (loss) earnings per share data is computed using the weighted average number of common and dilutive common equivalent shares outstanding during each period. Dilutive common equivalent shares consist of shares that would be issued upon the exercise of stock options and vesting of restricted stock units, computed using the treasury stock method.

 

 

A reconciliation of basic and diluted (loss) earnings per share is as follows (in thousands, except per share data):

 

   2025   2024   2025   2024 
   For the Three Months Ended   For the Nine Months Ended 
   September 30,   September 30, 
   2025   2024   2025   2024 
Numerator:                    
Loss from continuing operations  $(1,770)  $(738)  $(5,074)  $(4,108)
(Loss) income from discontinued operations, net of income taxes   (580)   (383)   467    (331)
Net loss  $(2,350)  $(1,121)  $(4,607)  $(4,439)
                     
Denominator:                    
Weighted average common shares outstanding - basic   11,095,266    10,917,038    11,106,439    10,652,911 
Effect of dilutive securities:                    
Stock options   -    -    80,536    - 
Weighted average common shares outstanding - diluted   11,095,266    10,917,038    11,186,975    10,652,911 
                     
Basic (loss) earnings per share:                    
Loss per share from continuing operations  $(0.16)  $(0.07)  $(0.46)  $(0.39)
(Loss) earnings per share from discontinued operations   (0.05)   (0.03)   0.04    (0.03)
Basic loss per share  $(0.21)  $(0.10)  $(0.42)  $(0.42)
                     
Diluted (loss) earnings per share:                    
Loss per share from continuing operations  $(0.16)  $(0.07)  $(0.46)  $(0.39)
(Loss) earnings per share from discontinued operations   (0.05)   (0.03)   0.04    (0.03)
Diluted loss per share  $(0.21)  $(0.10)  $(0.42)  $(0.42)

 

The following securities were excluded from the calculation of diluted earnings per share from continuing operations because their inclusion would have been anti-dilutive:

 

   2025   2024   2025   2024 
   For the Three Months Ended   For the Nine Months Ended 
   September 30,   September 30, 
   2025   2024   2025   2024 
Stock options   534,167    654,313    534,167    654,313 
Total   534,167    654,313    534,167    654,313 

 

The following securities were excluded from the calculation of diluted earnings per share from discontinued operations because their inclusion would have been anti-dilutive:

 

   2025   2024   2025   2024 
   For the Three Months Ended   For the Nine Months Ended 
   September 30,   September 30, 
   2025   2024   2025   2024 
Stock options   534,167    654,313    382,500    654,313 
Total   534,167    654,313    382,500    654,313