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:

 

   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 
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 
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:

 

   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