Earning Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Summary of Composition of Earnings Per Share

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

	Year Ended December 31,
(In Thousands, except share and per share data)	2023			2022
Net income	$	(11,968	)	$	5,598
Basic weighted average common shares outstanding		17,753,914			11,310,386
Net effect of dilutive stock options and warrants		—			—
Net effect of dilutive restricted stock awards		—			—
Diluted weighted average common shares outstanding		17,753,914			11,310,386
Net income per common share:
Basic	$	(0.67	)	$	0.49
Diluted	$	(0.67	)	$	0.49

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 years ended December 31, 2023 and 2022.

	Year Ended December 31,
	2023		2022
Stock Options		—		—
Warrants		—		—
Restricted Stock Awards		—		—
Total dilutive securities		—		-

Schedule of Dilutive Securities Excluded in Computation of Earnings Per Share

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.

	Year Ended December 31,
	2023		2022
Stock Options		—		195,700
Warrants		1,537,484		1,537,484
Restricted Stock Awards		5,304		—
Total anti-dilutive securities		1,542,788		1,733,184