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Note 6 - Net Income (Loss) Per Share
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 6. Net Income (Loss) Per Share

 

Basic income (loss) per share (EPS) was computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted EPS differs from basic EPS due to the assumed conversion of potentially dilutive awards and options that were outstanding during the period. Holders of unvested restricted stock awards have the right to receive nonforfeitable dividends on the same basis as common shares; therefore, unvested restricted stock is considered a participating security for the purpose of calculating EPS. The following is a reconciliation of the numerators and the denominators of the basic and diluted per share computations for net income (loss) for the three months ended March 31, 2025 and March 31, 2024.

 

  

Three Months Ended March 31,

 
  

2025

  

2024

 

Numerator:

        

Numerator for basic and diluted (loss) per share, net (loss) available to common shareholders

 $(234,970) $(250,188)

Denominator:

        

Denominator for basic (loss) per share, weighted average shares outstanding

  26,615,947   26,375,762 

Effect of dilutive securities

  —   — 

Denominator for diluted earnings per share, adjusted for weighted average shares and assumed conversion

  26,615,947   26,375,762 

Basic (loss) per common share

 $(0.01) $(0.01)

Diluted (loss) per common share and common share equivalent

 $(0.01) $(0.01)

 

The warrants to purchase shares of common stock that were outstanding at March 31, 2025 and March 31, 2024 that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive, are as follows:

 

  

Three Months Ended March 31,

 
  

2025

  

2024

 

Anti-dilutive warrants

  945,599   945,599