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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Details of Basic and Diluted Earnings Per Share

The following table sets forth the details of basic and diluted earnings per share:

 

 

 

For the Three Months Ended March 31,

 

 

 

2019

 

 

2018

 

 

 

(unaudited, in thousands, except per share amounts)

 

Numerator:

 

 

 

 

 

 

 

 

Net income (loss)

 

$

48

 

 

$

(2,381

)

Dividends paid to preferred stockholders

 

 

(34

)

 

 

(141

)

Net income (loss) available to common

   stockholders

 

$

14

 

 

$

(2,522

)

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares outstanding – basic

 

 

31,297

 

 

 

15,299

 

Potential common shares – options / warrants

   (treasury stock method)

 

 

26

 

 

 

 

Weighted average shares outstanding – diluted

 

 

31,323

 

 

 

15,299

 

Shares excluded (anti-dilutive)

 

 

 

 

 

135

 

Shares excluded due to an exercise price greater

   than weighted average stock price for the period

 

 

11,213

 

 

 

1,073

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) per common share:

 

 

 

 

 

 

 

 

Basic

 

$

0.00

 

 

$

(0.16

)

Diluted

 

$

0.00

 

 

$

(0.16

)