Three Months Ended

March 31,

2023

2022

Basic earnings per share calculation:

Net income (loss)

$

769

$

(2,404

)

Weighted average number of common shares outstanding

20,869,035

19,707,815

Basic net income (loss) per share

$

0.04

$

(0.12

)

Diluted earnings per share calculation:

Net income (loss)

$

769

$

(2,404

)

Weighted average number of common shares outstanding

20,869,035

19,707,815

Common stock equivalents:

Non-vested stock awards (1)

517,979

—

Weighted average number of common shares outstanding

21,387,014

19,707,815

Diluted net income (loss) per share

$

0.04

$

(0.12

)