Note 3 - Earnings Per Share

12 Months Ended

Dec. 31, 2023

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, 2023 and 2022 as follows:

	For the Years Ended December 31,
	2023		2022
Basic earnings per share calculation:
Net income (loss)	$	7,649	$	(9,730	)
Weighted average number of common shares outstanding		21,188,669		20,298,641
Basic net income (loss) per share	$	0.36	$	(0.48	)
Diluted earnings per share calculation:
Net income (loss)	$	7,649	$	(9,730	)
Weighted average number of common shares outstanding		21,188,669		20,298,641
Common stock equivalents:
Non-vested stock awards (1)		302,601		—
Weighted average number of common shares outstanding		21,491,270		20,298,641
Diluted net income (loss) per share	$	0.36	$	(0.48	)

(1)   Restricted stock units granted and outstanding of 822,737 are excluded from the computation of diluted earnings for the year ended December 31, 2022 due to the anti-dilutive effect as a result of the Company’s net loss for that period.