EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2021

Net income (loss) per share:

EARNINGS PER COMMON SHARE

NOTE 9: EARNINGS PER COMMON SHARE

Basic earnings per share (“EPS”) is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding for the period. Diluted EPS is calculated by dividing net income (loss) by the weighted-average number of common shares and the dilutive effect of common stock equivalents (warrants, nonvested stock awards and stock options) using the treasury method.

In each relevant period, the net income used in the basic and diluted EPS calculations is the same. The following table reconciles the weighted-average basic number of common shares outstanding and the weighted-average diluted number of common shares deemed outstanding for the purpose of calculating basic and diluted EPS.

	Three months ended				Nine months ended
	September 30,				September 30,
	2021		2020		2021		2020
Weighted average common shares outstanding - basic		12,389		12,390		12,389		12,531
Dilutive effect of common stock equivalents		56		–		52		–
Weighted average common shares outstanding - diluted		12,445		12,390		12,441		12,531