EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2018

Income Per Share

EARNINGS PER SHARE

NOTE 3 EARNINGS PER SHARE:

Basic earnings per share computations are based on the weighted average number of shares outstanding during each period. Dilutive earnings per share reflect the additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued related to outstanding common stock warrants are determined by the Treasury method. For the three and nine months ended September 30, 2017, potential common shares of 879,803 were anti-dilutive and were not included in the calculation. There were no anti-dilutive potential common shares at September 30, 2018. Basic and diluted net income per common share calculations follows:

(Amounts in Thousands, Except Share and Per Share Data)	For the three months ended September 30,				For the nine months ended September 30,
	2018		2017		2018		2017
Net income	$	208	$	484	$	239	$	3,176
Weighted average shares outstanding		23,922,086		23,355,580		23,922,086		23,355,611
Dilutive shares for warrants		—		—		—		—
Weighted average dilutive shares outstanding		23,922,086		23,355,580		23,922,086		23,355,611
Basic and diluted income per share	$	0.01	$	0.02	$	0.01	$	0.14