Annual report [Section 13 and 15(d), not S-K Item 405]

NET (LOSS) INCOME PER COMMON SHARE

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NET (LOSS) INCOME PER COMMON SHARE
12 Months Ended
Dec. 31, 2024
NET (LOSS) INCOME PER COMMON SHARE  
NET (LOSS) INCOME PER COMMON SHARE

NOTE 19. NET (LOSS) INCOME PER COMMON SHARE

The Company accounts for and discloses net earnings (loss) per share using the treasury stock method. Net earnings (loss) per common share, or basic earnings (loss) per share, is computed by dividing net earnings (loss) by the weighted-average number of common shares outstanding. Net earnings (loss) per common share assuming dilutions, or diluted earnings (loss) per share, is computed by reflecting the potential dilution from the exercise of in-the-money stock options, and non-vested restricted stock units.

The Company’s basic and diluted weighted-average number of common shares outstanding for years ended December 31, 2024 and 2023 were as follows:

Year ended December 31,

    

2024

    

2023

Basic and diluted

20,431,400

18,232,422

Potentially dilutive securities:

Unvested restricted stock units

2,339,961

1,306,923

Stock options

1,686,089

1,345,193

Total potentially dilutive securities

24,457,450

20,884,538

The Company’s Common Stock equivalents, including unvested restricted stock and options have been excluded from the computation of diluted loss per share for the years ended December 31, 2024 and 2023, as the effect would be to reduce the loss per share. Therefore, the weighted average Common Stock outstanding used to calculate both basic and diluted income loss per share is the same for the years ended December 31, 2024 and 2023.