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Note 5 - Loss Per Share
6 Months Ended
Aug. 02, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 5  Loss Per Share

 

Basic loss per share is computed by dividing net loss by the weighted average number of shares outstanding during each period presented. Diluted loss per share is computed by dividing net loss by the weighted average number of shares outstanding plus the dilutive effect of stock equivalents outstanding during the applicable periods using the treasury stock method and shares issuable upon conversion of convertible notes payable. Diluted loss per share reflects the potential dilution that could occur if options to purchase stock were exercised into common stock, if outstanding grants of restricted stock were vested and if the incremental shares issuable upon conversion of the currently convertible portion of the convertible notes were issued. Stock options, restricted stock units and the currently convertible portion of the convertible notes that were not included in the computation of diluted loss per share, because to do so would have been antidilutive, were approximately 5,896,000 shares and 988,000 shares for the 13-week periods ended August 2, 2025 and August 3, 2024, respectively, and 3,623,000 and 937,000 shares for the 26-week periods ended August 2, 2025 and August 3, 2024, respectively.