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Earning Per Share
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Earning per share
19.
EARNINGS PER SHARE

The following table sets forth the composition of earnings per share:
 

(In Thousands, except share and per share data)

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Net income

 

$

289

 

 

$

4,193

 

Basic weighted average common shares outstanding

 

 

6,879,658

 

 

 

5,691,686

 

Net effect of dilutive stock options and warrants

 

 

370,805

 

 

 

 

Diluted weighted average common shares outstanding

 

 

7,250,463

 

 

 

5,691,686

 

Net income per common share:

 

 

 

 

 

 

Basic

 

$

0.04

 

 

$

0.74

 

Diluted

 

$

0.04

 

 

$

0.74

 

 

The following is a summary of securities that could potentially dilute basic earnings per common share in future periods that were included in the computation of diluted earnings per common share for the year ended December 31, 2021. There were no dilutive securities in 2020. For the years ended December 31, 2021 and 2020, the Company had no securities that were excluded from the calculation of diluted weighted average common shares because their inclusion would have been anti-dilutive.

 

 

 

 

 

Warrants

 

$

1,537,484

 

Share-based compensation awards

 

 

161,100

 

Total dilutive securities

 

$

1,698,584