| Earnings Per Share [Text Block] |
NOTE 17 – EARNINGS PER SHARE
The following is a reconciliation for the calculation of basic and diluted loss per share for the three and six months ended June 30, 2025 and 2024:
| |
|
(in thousands, except for shares and per share data) |
|
| |
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| Net Income (Loss) from Continuing Operations |
|
$ |
(1,887 |
) |
|
$ |
7,273 |
|
|
$ |
(2,451 |
) |
|
$ |
3,764 |
|
| Less: Accretion of Mezzanine Equity |
|
|
(450 |
) |
|
|
— |
|
|
|
(829 |
) |
|
|
— |
|
| Adjusted Net Income (Loss) from Continuing Operations Attributable to Common Shareholders, Basic |
|
$ |
(2,337 |
) |
|
$ |
7,273 |
|
|
$ |
(3,280 |
) |
|
$ |
3,764 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Income (Loss) from Continuing Operations |
|
$ |
(1,887 |
) |
|
$ |
7,273 |
|
|
$ |
(2,451 |
) |
|
$ |
3,764 |
|
| Less: Accretion of Mezzanine Equity |
|
|
(450 |
) |
|
|
— |
|
|
|
(829 |
) |
|
|
— |
|
| Add: Interest from Convertible Debt |
|
|
— |
|
|
|
17 |
|
|
|
— |
|
|
|
17 |
|
| Adjusted Net Income (Loss) from Continuing Operations Attributable to Common Shareholders, Diluted |
|
$ |
(2,337 |
) |
|
$ |
7,290 |
|
|
$ |
(3,280 |
) |
|
$ |
3,781 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted-Average Shares Outstanding - Basic |
|
|
12,307,664 |
|
|
|
9,172,608 |
|
|
|
12,307,664 |
|
|
|
8,945,449 |
|
| Effects of Dilutive Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Promissory Notes |
|
|
- |
|
|
|
458,748 |
|
|
|
- |
|
|
|
458,748 |
|
| Convertible Series V Preferred Stock |
|
|
- |
|
|
|
1,407,143 |
|
|
|
- |
|
|
|
1,407,143 |
|
| Weighted-Average Shares Outstanding - Diluted |
|
|
12,307,664 |
|
|
|
11,038,499 |
|
|
|
12,307,664 |
|
|
|
10,811,340 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Income (Loss) from Continuing Operations per Common Share - Basic |
|
$ |
(0.19 |
) |
|
$ |
0.79 |
|
|
$ |
(0.27 |
) |
|
$ |
0.42 |
|
| Net Income (Loss) from Continuing Operations per Common Share - Diluted |
|
$ |
(0.19 |
) |
|
$ |
0.66 |
|
|
$ |
(0.27 |
) |
|
$ |
0.35 |
|
|