Earning Per Share

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Earning per share

12.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 September 30,					Nine Months Ended September 30,
	2022		2021			2022		2021
Net income (loss)	$	1,772	$	(2,797	)	$	4,902	$	(499	)
Basic weighted average common shares outstanding		10,590,079		6,274,250			10,087,341		5,888,008
Net effect of dilutive stock options and warrants		—		—			49,116		—
Diluted weighted average common shares outstanding		10,590,079		6,274,250			10,136,457		5,888,008
Net income (loss) per common share:
Basic	$	0.17	$	(0.45	)	$	0.49	$	(0.08	)
Diluted	$	0.17	$	(0.45	)	$	0.48	$	(0.08	)

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 in the periods presented.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Share-based compensation awards	$	-	$	-	$	-	$	-
Warrants		-		-		1,537,484		-
Total dilutive securities	$	-	$	-	$	1,537,484	$	-

The following is a summary of securities that could potentially dilute basic earnings per share in future periods that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the periods presented.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Share-based compensation awards	$	195,700	$	148,200	$	195,700	$	148,200
Warrants		1,537,484		1,537,484		-		1,537,484
Total anti-dilutive securities	$	1,733,184	$	1,685,684	$	195,700	$	1,685,684