EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2023

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,
	2023			2022
Numerator:
Net loss	$	(1,554	)	$	(2,928	)
Denominator:
Weighted average number of common shares outstanding:
Basic		11,888			11,981
Diluted		11,888			11,981
Loss per common share outstanding:
Basic	$	(0.13	)	$	(0.24	)
Diluted	$	(0.13	)	$	(0.24	)

At December 31, 2023 and 2022, there were outstanding options that were vested and exercisable into 875 and 725 shares of common stock, respectively; however, they have been excluded from the calculation of EPS because their exercise would be anti-dilutive.