EARNINGS PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2023 and June 30, 2022:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Basic:
Income from continuing operations	$	1,417	$	392	$	2,284	$	282
Loss from discontinued operations	(32)		(674)		(160)		(551)
Net income (loss)	1,385		(282)		2,124		(269)
Less: Preferred stock dividends	208		208		416		416
Net income available to (loss attributable to) common shareholders	$	1,177	$	(490)	$	1,708	$	(685)
Weighted average common shares outstanding	4,103,788		4,014,445		4,092,299		4,009,002

Basic earnings (loss) per common share:
Continuing operations	$	0.30	$	0.05	$	0.46	$	(0.03)
Discontinued operations	(0.01)		(0.17)		(0.04)		(0.14)
Total	$	0.29	$	(0.12)	$	0.42	$	(0.17)

Diluted:
Income from continuing operations	$	1,417	$	392	$	2,284	$	282
Loss from discontinued operations	(32)		(674)		(160)		(551)
Net income (loss)	1,385		(282)		2,124		(269)
Less: Preferred stock dividends	208		208		416		416
Add: Series B preferred stock dividends	64		—		—		—
Net income available to (loss attributable to) common shareholders	$	1,241	$	(490)	$	1,708	$	(685)
Weighted average common shares outstanding for basic earnings per common share	4,103,788		4,014,445		4,092,299		4,009,002
Add: Dilutive effects of conversion of Series B preferred stock to common stock	161,713		—		—		—
Add: Dilutive effects of assumed exercises of stock options and warrants	—		—		—		—
Average shares and dilutive potential common shares	4,265,501		4,014,445		4,092,299		4,009,002

Diluted earnings (loss) per common share:
Continuing operations	$	0.30	$	0.05	$	0.46	$	(0.03)
Discontinued operations	(0.01)		(0.17)		(0.04)		(0.14)
Total	$	0.29	$	(0.12)	$	0.42	$	(0.17)

Schedule of Antidilutive Securities Excluded from Calculation of Weighted Average Shares Outstanding

The following securities outstanding at June 30, 2023 and June 30, 2022 have been excluded from the calculation of weighted average shares outstanding as their effect on the calculation of earnings (loss) per share is antidilutive:


	Three Months Ended June 30,		Six Months Ended June 30,
	2023	2022	2023	2022
Common stock options	368,955	463,363	378,534	463,363
Convertible Series B preferred stock	0	3,123	3,123	3,123