Note 3 - Net Income Per Share Computations

6 Months Ended

Jun. 30, 2025

3. NET INCOME PER SHARE COMPUTATIONS

The following is a reconciliation of the numerator and denominator of the earnings per common share computations for the three and six months ended June 30, 2025 and 2024:

	*Three Months Ended June 30,*					*For the Six Months Ended June 30,*
	*2025*			*2024*		*2025*			*2024*
Net (loss) income (numerator) amounts used for basic and diluted per share computations:	$	(327,406	)	$	338,286	$	(626,616	)	$	1,336,440

Weighted average shares (denominator) of common stock outstanding:
Basic		5,060,543			4,984,953		5,050,003			4,975,889
Plus dilutive effect of deferred stock awards		—			26,594		—			33,331
Diluted		5,060,543			5,011,548		5,050,003			5,009,221

Net (loss) income per common share:
Basic	$	(0.06	)	$	0.07	$	(0.12	)	$	0.27
Diluted		(0.06	)		0.07		(0.12	)		0.27

For the three and six months ended June 30, 2025, 13,397 shares and 26,542 shares , respectively, have been excluded from the calculation of diluted weighted average shares outstanding as the inclusion of these shares would have an anti-dilutive effect.

Canterbury Park Holding Corp 10-Q