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Earnings Per Common Share (Q3)
 9 Months Ended
Sep. 30, 2020
Earnings Per Common Share [Abstract]  
Earnings Per Common Share
(4)  Earnings per Common Share

We report basic earnings per common share, which exclude the effect of potentially dilutive securities, and diluted earnings per common share which include the effect of all potentially dilutive securities unless their impact is anti-dilutive. The following are reconciliations of the numerators and denominators of our basic and diluted earnings per share (in thousands except for share and per share amounts):

  
For the Three Months Ended
September 30,
  
For the Nine Months Ended
September 30,
 
  
2020
  
2019
  
2020
  
2019
 
Income (numerator):
            
Net loss
 
$
(813
)
 
$
(182
)
 
$
(1,894
)
 
$
(269
)
Weighted average shares (denominator):
                
Weighted average shares – basic
  
10,680,050
   
10,653,550
   
10,673,238
   
10,648,838
 
Dilution effect of share-based compensation, treasury method
  
—
   
—
   
—
   
—
 
Weighted average shares – dilutive
  
10,680,050
   
10,653,550
   
10,673,238
   
10,648,838
 
Loss per share:
                
Basic and fully diluted
 
$
(0.08
)
 
$
(0.02
)
 
$
(0.18
)
 
$
(0.03
)

Options issued to the Company’s directors in which the exercise price was higher than the average market price each quarter were excluded from diluted shares as they would have been anti-dilutive.  In addition, the shares that would be issued to employees and Company directors if the thirty day trailing average of WTI postings as published by the U.S. Energy Information Administration meets or exceeds $85 per barrel have also been excluded from this calculation.  (See Note (10) Commitments and Contingencies)