NET (LOSS) INCOME PER SHARE DATA

9 Months Ended

Sep. 30, 2024

Net (loss) income per common share:

NET (LOSS) INCOME PER SHARE DATA

NOTE 7. NET (LOSS) INCOME PER SHARE DATA

Basic net (loss) income per common share is calculated by dividing net (loss) income by the weighted average number of common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted average number of common shares outstanding using the treasury stock method during the period. The Company’s potentially dilutive common shares are those that result from dilutive common stock options and non-vested stock relating to restricted stock units. In a period where the Company incurs a net loss, the Company excludes dilutive securities, and the shares used for the basic and diluted loss per share are the same.

The calculation of diluted (loss) income per shared excluded 189,265 and 93,391 in weighted average shares for the three and nine months ended September 30, 2024, respectively, and 64,322 and 52,896 in weighted average shares for the three and nine months ended September 30, 2023, respectively, as their effect was anti-dilutive. Basic and diluted weighted average shares outstanding were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Basic weighted average shares outstanding		2,760,438		2,737,895		2,754,399		2,716,166
Dilutive effect of outstanding stock options and non-vested restricted stock units		-		150,783		176,944		171,723
Diluted weighted average shares outstanding		2,760,438		2,888,679		2,931,343		2,887,889