NET (LOSS) INCOME PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2023

NET (LOSS) INCOME PER COMMON SHARE [Abstract]

Reconciliation of Numerator and Denominator of Net Loss Per Share Computations

The following is a reconciliation of the numerator and denominator of the net loss per share computations for the three months ended March 31, 2023 and 2022:

	Three Months Ended March 31,
(in thousands, except share data)	2023			2022
Numerator:
Net (loss) income	$	(109	)	$	272
Less: preferred stock dividend		-			(304	)
Less: allocation to preferred stockholders		-			(5	)
Less: allocation to restricted stockholders		-			(2	)
Net loss allocated to common stockholders	$	(109	)	$	(39	)
Basic loss per share:
Denominator:
Weighted average common shares outstanding		30,038,558			25,720,960
Basic loss per share	$	(0.00	)	$	(0.00	)
Diluted loss per share:
Denominator:
Weighted average number of:
Common shares outstanding		30,038,558			25,720,960
Dilutive potential common shares outstanding:
Series A Preferred Stock		-			-
Unvested restricted stock		-			-
Dilutive shares outstanding		30,038,558			25,720,960
Diluted loss per share	$	(0.00	)	$	(0.00	)

Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes the potential weighted average shares of Common Stock that were excluded from the determination of our diluted shares outstanding as they were anti-dilutive:

	Three Months Ended
	March 31,
(in thousands, except share data)	2023		2022
Series A Preferred Stock		-		5,381,356
Unvested restricted stock		-		439,208
		-		5,820,564