16. Earnings (Loss) Per Common Share (EPS)

 

The computations of basic and diluted EPS for the years ended were as follows:

 

 

 

YEARS ENDED

 

 

 

DECEMBER 31,

 

 

 

2025

 

 

2024

 

 

 

 

 

 

 

 

Basic and Diluted Earnings Per Share Computation:

 

 

 

 

 

 

Net loss

 

$(2,751,112)

 

$(1,934,279)

Weighted average number of common shares

 

 

9,669,721

 

 

 

9,319,300

 

Basic and Diluted Loss Per Share

 

$(0.28)

 

$(0.21)

  

For the year ended December 31, 2025, the Company had unexercised stock options of 168,570 that were anti-dilutive. For the year ended December 31, 2024, the Company had unexercised stock options of 288,570 and warrants to purchase 150,000 shares of common stock, outstanding, that were anti-dilutive.

Historical Timeline

Fiscal YearFiled
2025Mar 25, 2026Showing above
2024Apr 15, 2025
2023Mar 26, 2024
2022Mar 31, 2023
2021Mar 28, 2022
2020Mar 23, 2021
2019Mar 24, 2020

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.