EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2019

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. There were no dilutive potential common shares for the three and nine months ended September 30, 2019. Basic and diluted net income per common share calculations follow:

(Amounts in Thousands, Except Share and Per Share Data)	For the three months ended September 30,				For the nine months ended September 30,
	2019		2018		2019		2018
Net income	$	876	$	208	$	1,627	$	239
Weighted average shares outstanding		23,922,086		23,922,086		23,922,086		23,922,086
Dilutive shares		—		—		—		—
Weighted average dilutive shares outstanding		23,922,086		23,922,086		23,922,086		23,922,086
Basic income per share	$	0.04	$	0.01	$	0.07	$	0.01
Diluted income per share	$	0.04	$	0.01	$	0.07	$	0.01