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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share  
Schedule of computation of basic and diluted earnings per share

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2022

    

2021

    

2022

    

2021

(in thousands, except per share data)

Net income

 

$

112

 

$

63

 

$

254

 

$

20

Less: Preferred stock dividends

(100)

(200)

Net income applicable to common stockholders

12

63

54

20

Weighted average common shares outstanding – basic

6,602

6,601

6,602

6,601

Dilutive potential common shares from stock options, restricted stock units, and convertible preferred stock

Weighted average common shares outstanding – diluted

6,602

6,601

6,602

6,601

Earnings per common share, basic

 

$

0.00

 

$

0.01

 

$

0.01

 

$

0.00

Earnings per common share, diluted

$

0.00

$

0.01

$

0.01

$

0.00

Shares subject to anti-dilutive stock options and restricted stock units excluded from calculation

Shares subject to anti-dilutive Series A Convertible Preferred Stock excluded from calculation

400

400