EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

EARNINGS PER COMMON SHARE

NOTE 5: 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. 

	Year Ended December 31,
	2022			2021
Numerator:
Net income (loss)	$	(2,928	)	$	2,326
Denominator:
Weighted average number of common shares outstanding:
Basic		11,981			12,389
Diluted		11,981			12,454
Earnings (loss) per common share outstanding:
Basic	$	(0.24	)	$	0.19
Diluted	$	(0.24	)	$	0.19

At December 31, 2022, there were outstanding options that were vested and exercisable into 725 shares of common stock; however, they have been excluded from the calculation of EPS because their exercise would be anti-dilutive. At December 31, 2021, there were outstanding options that were vested and exercisable into 525 shares of common stock; however, 225 been excluded from the calculation of EPS because their exercise would be anti-dilutive.