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Note 3 - Net Income Per Share
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

NOTE 3 — NET INCOME PER SHARE 

 

The following table presents a reconciliation of basic and diluted income per share for the three months ended March 31, 2025 and 2024, as follows: 

 

  

Three Months Ended

 
  

March 31,

 
  

2025

  

2024

 

Basic (loss) income per share calculation:

        

Net (loss) income

 $(370) $1,510 

Weighted average number of common shares outstanding

  22,361,152   21,594,664 

Basic net (loss) income per share

 $(0.02) $0.07 

Diluted (loss) income per share calculation:

        

Net (loss) income

 $(370) $1,510 

Weighted average number of common shares outstanding

  22,361,152   21,594,664 

Common stock equivalents:

        

Non-vested stock awards (1)

  —   212,118 

Weighted average number of common shares outstanding

  22,361,152   21,806,782 

Diluted net (loss) income per share

 $(0.02) $0.07 

 

 

(1) Restricted stock units granted and outstanding of 689,732 as of March 31, 2025, are excluded from the computation of diluted earnings due to the anti-dilutive effect as a result of the Company’s net loss for the three months ended March 31, 2025.