Basic and Diluted (Loss) Income per Share

6 Months Ended

Jun. 30, 2022

Basic and Diluted (Loss) Income per Share [Abstract]

Basic and Diluted (Loss) Income per Share

Note 3 - Basic and Diluted (Loss) Income per Share

Basic earnings per share is based on the weighted average number of outstanding common shares for the period. Diluted earnings per share adjusts the weighted average shares outstanding for the potential dilution that could occur if outstanding vested stock options and warrants were exercised. Basic and diluted earnings per share are based on the weighted average number of outstanding shares for the period.

The number of common shares and common share equivalents used in the determination of basic and diluted (loss) income per common share were as follows:

(in thousands, except for share data)	Three months ended					Six months ended
	June 30, 2022			June 30, 2021		June 30, 2022			June 30, 2021
Numerator:
Net (loss) income attributed to common stockholders	$	(1,401	)	$	3,231	$	(4,835	)	$	1,026
Denominator:
Weighted-average shares outstanding for basic earnings per share		21,033,447			20,647,426		21,006,910			20,638,116
Effect of dilutive securities:
Employee RSUs		-			54,577		-			-
Adjusted weighted-average shares outstanding and assumed conversions for diluted earnings per share		21,033,447			20,702,003		21,006,910			20,638,116
Shares related to potentially dilutive securities excluded because inclusion would be anti-dilutive		3,185,552			-		2,181,846			20,005