Three Months Ended March 31,

2022

2021

NUMERATOR (in thousands):

Net income (loss)

$

(1,516

)

$

591

Allocation of earnings to participating convertible preferred stock

-

(3

)

Numerator for basic EPS - income (loss) available to common shareholders

(1,516

)

588

Effect of dilutive securities:

Add back - allocation of earnings to participating convertible preferred stock

-

3

Reallocation of earnings to participating convertible preferred stock considering potentially dilutive securities

-

(3

)

Numerator for diluted EPS - adjusted income (loss) available to common shareholders

$

(1,516

)

$

588

DENOMINATOR:

Weighted average number of shares of shares of common stock outstanding

51,664,912

45,248,782

Weighted average number of shares of common stock underlying vested restricted stock units

865,052

386,403

Denominator for basic EPS - weighted average number of shares outstanding

52,529,964

45,635,185

Effect of dilutive securities:

Nonvested restricted stock units

-

845,893

Stock options

-

9,626

Warrants

-

65,543

Denominator for diluted EPS - adjusted weighted average number of shares outstanding

52,529,964

46,556,247