Natural Health Trends Corp. Annual report [Section 13 and 15(d), not S-K Item 405]

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

Note 3 - Net Income (Loss) Per Common Share

Note 3 - Net Income (Loss) Per Common Share

12 Months Ended

Dec. 31, 2025

3. NET INCOME (LOSS) PER COMMON SHARE

The following table illustrates the computation of basic and diluted net income (loss) per common share for the periods indicated (in thousands, except per share data):

	Year Ended December 31,
	2025								2024
	Loss			Shares		Per Share			Income		Shares		Per Share
Basic net income (loss) per common share:
Net income (loss) available to common stockholders	$	(882	)		11,496	$	(0.08	)	$	572		11,467	$	0.05
Effect of dilutive securities:
Non-vested restricted stock		—			—					—		23
Diluted net income (loss) per common share:
Net income (loss) available to common stockholders plus assumed dilution	$	(882	)		11,496	$	(0.08	)	$	572		11,490	$	0.05

In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. As such, non-vested restricted stock totaling 8,063 shares were not included for 2025.