v3.25.4
Net Income (Loss) Per Share Attributable to Common Stockholders
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Attributable to Common Stockholders

Note 7 – Net Income (Loss) Per Share Attributable to Common Stockholders

Basic earnings per share attributable to common stockholders (“EPS”) is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income (loss) attributable to common stockholders by the common shares plus common share equivalents. The Company’s common share equivalents are unvested restricted shares. The Company excludes antidilutive restricted shares from the calculation of weighted-average shares for diluted earnings per share. There were 457, 673 and 676 antidilutive restricted shares for the years ended December 31, 2025, 2024 and 2023, respectively. For further information about the Company’s restricted shares, see Note 11 – “Equity-Based Compensation.”

The following table is a summary of the basic and diluted net income (loss) per share attributable to common stockholders computation for the years ended December 31, 2025, 2024 and 2023:

 

 

Year Ended December 31, 2025

 

 

Year Ended December 31, 2024

 

 

Year Ended December 31, 2023

 

Net (loss) income attributable to common stockholders

 

$

(7,555

)

 

$

6,688

 

 

$

(10,398

)

Weighted average shares outstanding, basic

 

 

10,118,536

 

 

 

10,116,738

 

 

 

10,114,606

 

Dilutive effect of restricted stock

 

 

—

 

 

 

984

 

 

 

—

 

Weighted average shares outstanding, diluted

 

 

10,118,536

 

 

 

10,117,722

 

 

 

10,114,606

 

Net (loss) income per share attributable to common stockholders, basic and diluted

 

$

(0.75

)

 

$

0.66

 

 

$

(1.03

)