Earnings Per Share

12 Months Ended

Dec. 31, 2022

Note 12 – Earnings Per Share

As a result of the Mergers discussed in Note 1 – Nature of Operations and Basis of Presentation, all historical per share data and number of shares and numbers of equity awards were retroactively adjusted. The following table provides the computation of basic and diluted earnings per share:


	December 31,
(in thousands, except share and per share data)	2022		2021
Basic income per share:
Net income (loss)	$	7,406	$	(5,052)
Basic weighted average shares outstanding	17,145,935		10,246,294
Basic income (loss) per share of common stock	$	0.43	$	(0.49)

Diluted income per share:
Net income (loss)	$	7,406	$	(5,052)
Basic weighted average shares outstanding	17,145,935		10,246,294
Effect of dilutive securities	397,361		—





Diluted weighted average shares outstanding	17,543,296		10,246,294
Diluted income (loss) per share of common stock	$	0.42	$	(0.49)
Anti-dilutive securities excluded from the calculation of diluted income per share	248,000		313,355