XML 23 R11.htm IDEA: XBRL DOCUMENT
v3.25.2

Earnings (Loss) per Share | 6 Months Ended
--- | ---
Jun. 30, 2025
Earnings Per Share [Abstract] |
Earnings (Loss) per Share |
(3) | Earnings (Loss) per Share
Basic earnings (loss) per share is calculated by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is based on the weighted average number of common shares outstanding plus, where applicable, the additional potential common shares that would have been outstanding related to dilutive options, warrants and unvested restricted stock units to the extent such shares are dilutive. The following table sets forth the computation of basic and diluted earnings (loss) per share of common stock for the three and six months ended June 30, 2025 and 2024: Schedule of Computation of Basic and Diluted Earnings (Loss) Per Share of Common Stock
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Basic earnings (loss) per share attributable to common stock: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | (2,205,716 | ) |  | $ | (3,068,634 | ) |  | $ | (4,070,589 | ) |  | $ | 444,987 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted avg. common shares outstanding |  |  | 5,351,957 |  |  |  | 5,343,922 |  |  |  | 5,350,267 |  |  |  | 5,329,876 |
Basic earnings (loss) per share attributable to common stock |  | $ | (0.41 | ) |  | $ | (0.57 | ) |  | $ | (0.76 | ) |  | $ | 0.08 |
Diluted earnings (loss) per share attributable to common stock: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | (2,205,716 | ) |  | $ | (3,068,634 | ) |  | $ | (4,070,589 | ) |  | $ | 444,987 |
Effect of dilutive securities on net earnings (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock warrants |  |  | - |  |  |  | (84,430 | ) |  |  | - |  |  |  | (124,502 | )
Total net income (loss) for purpose of calculating diluted net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(loss) per common share |  | $ | (2,205,716 | ) |  | $ | (2,984,204 | ) |  | $ | (4,070,589 | ) |  | $ | 569,489 |
Total net income (loss) for purpose of calculating diluted net income (loss) per common share |  | $ | (2,205,716 | ) |  | $ | (2,984,204 | ) |  | $ | (4,070,589 | ) |  | $ | 569,489 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted avg. common shares outstanding |  |  | 5,351,957 |  |  |  | 5,343,922 |  |  |  | 5,350,267 |  |  |  | 5,329,876 |
Weighted average effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 122,074 |
Warrants |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,254 |
Dilutive securities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,254 |
Total shares for purpose of calculating diluted net earnings (loss) per common share |  |  | 5,351,957 |  |  |  | 5,343,922 |  |  |  | 5,350,267 |  |  |  | 5,459,204 |
Diluted earnings (loss) per share attributable to common stock |  | $ | (0.41 | ) |  | $ | (0.56 | ) |  | $ | (0.76 | ) |  | $ | 0.10 |
The computation of diluted loss per share for the three and six months ended June 30, 2025 and 2024 does not include the following stock options and warrants to purchase shares of common stock or unvested restricted stock units in the computation of diluted earnings (loss) per share because these instruments were antidilutive: Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | For the Three Months Ended |  |  | For the Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Stock options |  |  | 354,908 |  |  |  | 295,517 |  |  |  | 354,908 |  |  |  | 173,443 |
Unvested restricted stock units |  |  | 19,346 |  |  |  | 21,762 |  |  |  | 19,346 |  |  |  | 14,508 |
Warrants |  |  | - |  |  |  | 49,333 |  |  |  | - |  |  |  | 49,433 |
Antidilutive securities excluded from computation of earnings per share, amount |  |  | - |  |  |  | 49,333 |  |  |  | - |  |  |  | 49,433 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
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