Earning Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Summary of Composition of Earnings Per Share

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

(In Thousands, except share and per share data)	Three Months Ended March 31,
	2022		2021
Net income	$	1,524	$	1,125
Basic weighted average common shares outstanding		9,826,435		5,691,686
Net effect of dilutive stock options and warrants		227,249		-
Diluted weighted average common shares outstanding		10,053,684		5,691,686
Net income per common share:
Basic	$	0.16	$	0.20
Diluted	$	0.15	$	0.20

Schedule of Dilutive Securities Included in Computation of Earnings Per Share

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 three months ended March 31, 2022. There were no dilutive securities outstanding during the first three months of 2021. For the three months ended March 31, 2022 and 2021, 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		151,200
Total dilutive securities	$	1,688,684