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Note 19 - Loss Per Common Share

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

(19)

Loss Per Common Share

The Company computes earnings per share using the two-class method, which is an earnings allocation formula that determines earnings per share for common stock and participating securities. Restricted stock granted by the Company is considered a participating security since it contains a non-forfeitable right to dividends.

Our potentially dilutive securities include potential common shares related to our stock options and restricted stock. Diluted earnings per share considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect. Diluted earnings per share excludes the impact of common shares related to our stock options in periods in which the option exercise price is greater than the average market price of our common stock for the period. All potential common shares were excluded from diluted earnings per share for the year ended December 31, 2023 and 2022 because the effect of inclusion would be anti-dilutive.

A reconciliation of the weighted average shares outstanding used in the calculation of basic and diluted (loss) income per common share is as follows (in thousands):

		Year ended December 31,
		2023				2022
Loss attributable to stockholders:
Net loss as reported		$	(1,596	)		$	(2,494	)
Less distributed and undistributed earnings allocable to restricted award holders			0				0
Net loss allocable to common stockholders		$	(1,596	)		$	(2,494	)

Loss per common share attributable to stockholders:
Basic		$	(0.07	)		$	(0.11	)
Diluted		$	(0.07	)		$	(0.11	)

Weighted average shares outstanding – basic			21,876				21,729
Weighted average additional shares assuming conversion of potential common shares			0				0
Weighted average shares outstanding – diluted			21,876				21,729