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NET INCOME PER SHARE (Tables)

3 Months Ended

Mar. 31, 2026

NET INCOME PER SHARE

Schedule of computation of income per share and weighted average of the company's common stock outstanding

The computation of income per share and weighted average of the Company’s common stock outstanding for the three months ended March 31, 2026 and 2025 is as follows (in thousands):

​

​	​	​	​	​	​	​
​	​	Three months ended		​	Three months ended
​	​	March 31,		​	March 31,
​	​ ​ ​	2026		​ ​ ​	2025
Net income	​	$	1,901	​	$	1,033
Series A preferred dividends	​	​	366	​	​	351
Series B preferred dividends	​	​	26	​	​	27
Net income available to common shareholders	​	​	1,509	​	​	655
Shares for basic and diluted calculation	​	​	​	​	​	​
Average shares used in basic computation	​	​	16,751	​	​	16,602
Dilutive effect of unvested stock units	​	​	191	​	​	—
Average shares used in diluted computation	​	​	16,942	​	​	16,602
Earnings per common share	​	​	​	​	​	​
Basic	​	$	0.09	​	$	0.04
Diluted	​	$	0.09	​	$	0.04

Schedule of securities that have been excluded from the calculation of weighted-average shares for diluted earnings per share

The following table details the securities that have been excluded from the calculation of weighted-average shares for diluted earnings per share for the period presented as they were anti-dilutive (in thousands).

​	​	​	​	​
​	​	Three months ended	​	Three months ended
​	​	March 31,	​	March 31,
​	​ ​ ​	2026	​ ​ ​	2025
Warrants	​	15,148	​	15,148
Series A preferred stock	​	1,644	​	1,555
Series B preferred stock	​	150	​	150
Stock options	​	873	​	—

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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