Earning Per Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Earning per share

12.EARNINGS PER SHARE

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

	Three Months Ended March 31,
(In Thousands, except share and per share data)	2024		2023
Net income (loss)	$	5,726	$	(1,553	)
Basic weighted average common shares outstanding		36,962,005		15,480,951
Net effect of dilutive stock options and warrants		6,700		—
Net effect of dilutive restricted stock awards		76,525		—
Diluted weighted average common shares outstanding		37,045,230		15,480,951
Net income (loss) per common share:
Basic	$	0.15	$	(0.10	)
Diluted	$	0.15	$	(0.10	)

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 March 31,
	2024		2023
Stock Options		24,691		—
Warrants		—		—
Restricted Stock Awards		384,724		—
Total dilutive securities		409,415		—

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 March 31,
	2024		2023
Stock Options		511,400		214,700
Warrants		1,537,484		1,537,484
Restricted Stock Awards		—		—
Total anti-dilutive securities		2,048,884		1,752,184