Company: OCC
Filing Date: 2025-09-11
Form Type: 10-Q
Source: 0001437749-25-028857
Chunk: 24

Company: OPTICAL CABLE CORP
Filing Date: 2025-09-11
Form: 10-Q
Item: Item 1
Chunk 24
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 2025 and October 31, 2024 of the Company’s note payable, revolver – current, and long-term debt, excluding current installments, approximates fair value because the interest rates vary with the market. Fair value is defined as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

11

OPTICAL CABLE CORPORATION

Condensed Notes to Condensed Consolidated Financial Statements

Nine Months Ended July 31, 2025

(Unaudited)

			(9)

			Net Income (Loss) Per Share

Basic net income (loss) per share excludes dilution and is computed by dividing net income (loss) available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted net income (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the net income (loss) of the Company.

The following is a reconciliation of the numerators and denominators of the net income (loss) per share computations for the periods presented:

			Three months ended 

			Nine months ended 

			July 31,

			July 31,

			2025

			2024

			2025

			2024

			Net income (loss) (numerator)

			$
			301,886

			$
			(1,557,053
			)
			 
			$
			(1,503,467
			)
			 
			$
			(4,583,673
			)

			Shares (denominator)

			8,394,988

			7,739,266

			7,900,901

			7,753,148

			Basic and diluted net income (loss) per share

			$
			0.04

			$
			(0.20
			)
			 
			$
			(0.19
			)
			 
			$
			(0.59
			)

Nonvested shares which have been issued and were outstanding as of July 31, 2025 totaling 370,720 were not included in the computation of basic and diluted net loss per share for the nine months ended July 31,