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Earning Per Share (Tables) | 3 Months Ended
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Mar. 31, 2022
Earnings Per Share [Abstract] |
Summary of Composition of Earnings Per Share | The following table sets forth the composition of earnings per share:
(In Thousands, except share and per share data) |  | Three Months Ended March 31, |
|  | 2022 |  |  | 2021 |
Net income |  | $ | 1,524 |  |  | $ | 1,125 |
Basic weighted average common shares outstanding |  |  | 9,826,435 |  |  |  | 5,691,686 |
Net effect of dilutive stock options and warrants |  |  | 227,249 |  |  |  | - |
Diluted weighted average common shares outstanding |  |  | 10,053,684 |  |  |  | 5,691,686 |
Net income per common share: |  |  |  |  |  |
Basic |  | $ | 0.16 |  |  | $ | 0.20 |
Diluted |  | $ | 0.15 |  |  | $ | 0.20 |
Schedule of Dilutive Securities Included in Computation of Earnings Per Share | The following is a summary of securities that could potentially dilute basic earnings per common share in future periods that were included in the computation of diluted earnings per common share for the three months ended March 31, 2022. There were no dilutive securities outstanding during the first three months of 2021. For the three months ended March 31, 2022 and 2021, the Company had no securities that were excluded from the calculation of diluted weighted average common shares because their inclusion would have been anti-dilutive.
Warrants |  | $ | 1,537,484 |
Share-based compensation awards |  |  | 151,200 |
Total dilutive securities |  | $ | 1,688,684 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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