Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the reconciliation of the numerator and the denominator of basic and diluted loss per share for the three months ended March 31, 2020 and 2019 (dollars in thousands, except per share amounts):


	Three Months Ended March 31, 2020		Three Months Ended March 31, 2019
Numerator:
Net (loss) income	$	(1,137)	$	(189)
Denominator:
Weighted average shares outstanding, basic	9,779,147		9,779,147
Dilutive effect of stock-based awards	—		—
Weighted average share outstanding, diluted	9,779,147		9,779,147

Basic loss per share	$	(0.12)	$	(0.02)
Diluted loss per share	$	(0.12)	$	(0.02)

Schedule of Antidilutive Securities Excluded from Computation of Earnings per Share

A summary of these anti-dilutive common stock equivalents is provided in the table below:


	Three Months Ended March 31, 2020	Three Months Ended March 31, 2019
Number of options	611,480	563,680
Exercise price of options	$2.89 - $12.50	$3.33 - $12.50
Warrants⁽¹⁾	142,185	142,185
Exercise price of warrants	$3.33 - $11.88	$3.33 - $11.88

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(1) Includes warrants to purchase 141,000 shares of common stock issued to the underwriters of the Company's IPO in July 2015 with an exercise price of $11.88 per share of common stock and an expiration date of July 7, 2020.