Note 2. Net Loss Per Share

Basic net loss per common share (“EPS”) is computed by dividing net loss by the weighted average number of common shares outstanding for the reporting period. Diluted EPS equals net loss divided by the sum of the weighted average number of shares of common stock outstanding plus all additional common stock equivalents, such as stock options, when dilutive.

The following is a reconciliation of the numerator and denominator of the net loss per common share computations for the three months ended December 31, 2025, and 2024:

For the three months ended December 31, 2025, 231,766 stock options, as well as 69,117 performance stock units, were not included in the computation of diluted net loss per share because the effect would have been anti-dilutive. For the three months ended December 31, 2024, 404,836 stock options and 76,121 performance stock units were not included in the computation of diluted net loss per share because the effect would have been anti-dilutive.