Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Summary of Reconciliation of Net Income and Weighted Average Shares Outstanding for Calculation of Basic and Diluted Earnings per Share

The following table represents a reconciliation of the net income and weighted average shares outstanding for the calculation of basic and diluted earnings per share for the three and six months ended June 30, 2022 and 2021 (in thousands, except share data):

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2022			2021			2022		2021
Numerator
Net income	$	(320	)	$	(439	)	$	1,137	$	542
Earnings allocated to non-vested shares		0			0			191		93
Subtotal	$	(320	)	$	(439	)	$	946	$	449
Denominator
Weighted average common shares outstanding		10,761,172			6,973,055			10,346,089		6,029,054
Effect of dilutive nominal options		-			-			-		-
Effect of dilutive contingently earned shares		-			-			81,513		-
Dilutive average shares outstanding		10,761,172			6,973,055			10,427,602		6,029,054
Basic earnings per share	$	(0.03	)	$	(0.06	)	$	0.09	$	0.07
Dilutive earnings per share	$	(0.03	)	$	(0.06	)	$	0.09	$	0.07