XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.24.3

Note 12 - Income (Loss) Per Share | 9 Months Ended
--- | ---
Sep. 30, 2024
Notes to Financial Statements |
Earnings Per Share [Text Block] | 12. INCOME (LOSS) PER SHARE Basic net income (loss) per common share is calculated by dividing net income (loss) attributable to common shareholders by the weighted-average number of common shares outstanding for the respective period. Diluted net income per common share is calculated by dividing adjusted net income by the diluted weighted average number of common shares outstanding, which includes the effect of potentially dilutive securities. Potentially dilutive securities for this calculation consist of stock options and unvested shares of restricted common stock, which are measured using the treasury stock method. When the Company recognizes a net loss, all potentially dilutive shares are anti-dilutive and are consequently excluded from the calculation of dilutive net loss per common share. Unvested shares of restricted stock participate in dividend distributions; however, they do not participate in losses. Therefore, dividends attributable to participating securities are not included as a reduction in the calculation of loss attributable to common shareholders. The following table sets forth the calculation of basic and diluted net income (loss) per share for the three and nine months ended September 30, 2024 and 2023:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (in thousands except per share data) |
Net income (loss) attributable to common shareholders |  | $ | (2,247 | ) |  | $ | (8,788 | ) |  | $ | (13,758 | ) |  | $ | (12,550 | )
Basic weighted average common shares outstanding |  |  | 28,052 |  |  |  | 25,429 |  |  |  | 26,304 |  |  |  | 25,266 |
Dilutive effect of potentially dilutive securities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Diluted weighted average common shares outstanding |  |  | 28,052 |  |  |  | 25,429 |  |  |  | 26,304 |  |  |  | 25,266 |
Basic net income (loss) per share |  | $ | (0.08 | ) |  | $ | (0.35 | ) |  | $ | (0.52 | ) |  | $ | (0.50 | )
Diluted net income (loss) per share |  | $ | (0.08 | ) |  | $ | (0.35 | ) |  | $ | (0.52 | ) |  | $ | (0.50 | )
For the three and nine months ended September 30, 2024 and 2023, potentially dilutive securities excluded from the calculation of weighted average shares because they were anti-dilutive were as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (in thousands) |
Stock options |  |  | 22 |  |  |  | 23 |  |  |  | 22 |  |  |  | 23 |
Unvested shares of restricted stock |  |  | 1,348 |  |  |  | 855 |  |  |  | 1,348 |  |  |  | 855 |
Total |  |  | 1,370 |  |  |  | 878 |  |  |  | 1,370 |  |  |  | 878 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration