Note 3 - Earnings Per Share

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

3. EARNINGS PER SHARE

The following table presents a reconciliation of basic and diluted earnings per share for the years ended December 31, 2021 and 2020 as follows:

	For the Years Ended December 31,
	2021		2020
Basic earnings per share calculation:
Net income (loss)	$	2,847	$	(1,487	)
Weighted average number of common shares outstanding		18,726,459		16,745,531
Basic net income (loss) per share	$	0.15	$	(0.09	)
Diluted earnings per share calculation:
Net income (loss)	$	2,847	$	(1,487	)
Weighted average number of common shares outstanding		18,726,459		16,745,531
Common stock equivalents:
Non-vested stock awards (1)		662,030		—
Weighted average number of common shares outstanding		19,388,489		16,745,531
Diluted net income (loss) per share	$	0.15	$	(0.09	)

(1)   Stock options and restricted stock units granted and outstanding of 1,332,884, respectively, are excluded from the computation of diluted earnings for the year ended December 31, 2020 due to the anti-dilutive effect as a result of the Company’s net loss for that period.