Earnings/(Loss) Per Common Share

12 Months Ended

Dec. 31, 2023

Earnings/(Loss) Per Common Share [Abstract]

Earnings/(Loss) Per Common Share

10. Earnings/(Loss) Per Common Share:

All shares issued are included in the Company’s common stock and have equal rights to vote and participate in dividends and in undistributed earnings.

The components of the calculation of basic and diluted earnings/(loss) per share for the years ended December 2021, 2022 and 2023 are as follows:

	Year Ended December 31,
	2021			2022			2023
Net Income		8,616			18,948			6,066
Less: Deemed dividend for beneficial conversion feature of Series E Shares		(900	)		-			-
Less: Deemed dividend equivalents on preferred shares related to redemption value		(437	)		(14,400	)		-
Less: Dividends of preferred shares		(1,883	)		(12,390	)		(6,010	)
Less: Deemed dividend on warrant inducement		-			(1,345	)		-
Less: Deemed dividend on Series E Shares conversion		-			-			(22,426	)
Net Income / (Loss)  attributable to common shareholders		5,396			(9,187	)		(22,370	)
Earnings / (Loss) per share:
Weighted average common shares outstanding, basic and dilutive		165,966			252,815			1,798,761
Earnings / (Loss) per share, basic and diluted		32.51			(36.34	)		(12.44	)

For the years ended December 31, 2021, 2022 and 2023, 52,984, 81,231 and 1,177,547 dilutive shares on an as-if converted basis relating to Series E Shares were not included in the computation of diluted earnings per share because to do so would have been antidilutive for the period presented.