Three Months Ended June 30,

Six Months Ended June 30,

2022

2021

2022

2021

Numerator:

Net income (loss)

$

4,667

$

(14,005

)

$

42,818

$

(37,695

)

Denominator:

Denominator for basic earnings per share – weighted-average common shares outstanding

7,686

8,403

7,230

8,403

Effect of dilutive securities:

Stock options, restricted shares and warrants

1,650

-

1,650

-

Denominator for diluted earnings per share – adjusted weighted-average shares and assumed exercise of options and restricted shares

9,336

8,403

8,880

8,403

Net income (loss) per common share - basic

$

0.61

$

(1.67

)

$

5.92

$

(4.49

)

Net income (loss) per common share - diluted

$

0.50

$

(1.67

)

$

4.82

$

(4.49

)