INCOME PER SHARE

6 Months Ended

Jun. 30, 2020

Income Per Share

INCOME PER SHARE

NOTE 3 INCOME PER SHARE

Basic income 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 relate to outstanding common stock warrants and are determined by the Treasury Method. For the three-month and six-month periods ended June 30, 2020 and 2019, there were no potential common shares. Basic and diluted net income per common share calculations follows:

(Dollars in Thousands, Except Share and Per Share Data)	For the three months ended June 30,				For the six months ended June 30,
	2020		2019		2020		2019
Net income	$	29	$	345	$	75	$	751
Weighted average shares outstanding		23,922,086		23,922,086		23,922,086		23,922,086
Weighted average dilutive shares outstanding		23,922,086		23,922,086		23,922,086		23,922,086
Basic and diluted income per share	$	0.00	$	0.01	$	0.00	$	0.03