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Net Income (Loss) Per Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
(9)
Net Income (Loss) Per Share

 

Net income (loss) per share calculation information is as follows:

 

 

Three months ended March 31,

 

 

2024

 

 

2025

 

Net income (loss)

 

$

7,970

 

 

$

(2,689,821

)

Weighted-average shares outstanding(1):

 

 

 

 

 

 

Basic

 

 

1,516,290

 

 

 

1,792,029

 

Effect of dilutive restricted stock units

 

 

7,046

 

 

—

 

Diluted

 

 

1,523,336

 

 

 

1,792,029

 

Net income (loss) per Class A and Class B common share – basic and diluted(1)

 

$

0.01

 

 

$

(1.50

)

 

(1) Weighted-average shares outstanding used in the computation of basic and diluted net income attributable to BBGI stockholders per Class A and Class B common share as of March 31, 2024 have been retroactively adjusted to reflect the 1-for-20 Reverse Stock Split that occurred on September 23, 2024.

 

The Company excluded the effect of restrictive stock units under the treasury stock method when reporting a net loss as the addition of shares was anti-dilutive. The number of shares excluded was 10,620 for the three months ended March 31, 2025