Earnings Per Share

6 Months Ended

Jun. 30, 2024

Basic earnings per share ("EPS") is calculated by dividing net income (loss) attributable to the Company's common shareholders by the weighted average number of common shares outstanding for the period. The following table provides a reconciliation of the numerator and denominator of the EPS calculations:


	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Numerator
Net income (loss)	$	18,000	$	(1,067,000)	$	341,000	$	(1,053,000)
Preferred stock dividends	(2,688,000)		(2,688,000)		(5,376,000)		(5,376,000)




Net loss attributable to common shares	$	(2,670,000)	$	(3,755,000)	$	(5,035,000)	$	(6,429,000)
Denominator
Weighted average number of common shares outstanding	13,718,000		13,718,000		13,718,000		13,718,000




Net loss per common share attributable to common shareholders	$	(0.19)	$	(0.27)	$	(0.37)	$	(0.47)