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Net Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2025
Net Income (Loss) Per Share [Abstract]  
Net Income (Loss) Per Share

11. Net Income (Loss) Per Share

 

Basic earnings and net (loss) income per share are computed by dividing the net (loss) income available to common stockholders by the weighted average number of common shares outstanding during the period as defined by ASC Topic 260, Earnings Per Share. The Company applies the multiple-class method in calculating earnings per share. Earnings and losses are shared pro-rata between the multiple classes of shares. For 2025, the Company had two classes of stock, Series A Preferred Stock and common stock, that the calculations for weighted-average number of shares and earnings per share by class were based on. Diluted earnings per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options (using the treasury stock method). To the extent stock options are antidilutive, they are excluded from the calculation of diluted loss per share. For the three months ended September 30, 2025 and 2024, 695,305 and 739,164 of shares issuable upon the exercise of outstanding stock options, respectively, were not included in the computation of diluted net loss per share because their inclusion would be antidilutive.

 

The following table summarizes the net loss per share calculation for the periods presented:

 

   Three Months Ended   Nine Months Ended 
   September 30,
(unaudited)		   September 30,
(unaudited)		 
   2025   2024   2025   2024 
Net loss from continuing operations  $(1,083,070)  $(1,307,889)  $(1,324,568)   (2,855,257)
Net loss from discontinued operations  $
--
   $(201,361)  $
--
    (80,451)
Net loss – basic and diluted  $(1,083,070)  $(1,509,250)  $(1,324,568)   (2,935,708)
Weighted average shares outstanding – basic and diluted   13,108,805    9,227,307    13,167,362    9,223,886 
                     
Per share data:                    
Basic and diluted from continuing operations  $(0.08)  $(0.14)  $(0.10)  $(0.31)
Basic and diluted from discontinued operations   
--
   $(0.02)   
--
   $(0.01)
Basic and diluted from operations  $(0.08)  $(0.16)  $(0.10)  $(0.32)

 

   Three Months Ended 
   September 30, 2025
(unaudited)		 
   Series A Preferred Stock   Common Stock 
Allocation of net loss  $(330,486)  $(752,584)
Weighted average shares outstanding – basic and diluted   4,000,000    9,108,805 
Net loss per share  – basic and diluted  $(0.08)   (0.08)
   Nine Months Ended 
   September 30, 2025
(unaudited)		 
   Series A
Preferred
Stock		   Common
Stock		 
Allocation of net loss  $(400,905)  $(923,663)
Weighted average shares outstanding – basic and diluted   3,985,348    9,182,014 
Net loss per share  – basic and diluted  $(0.10)   (0.10)