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

)