Three months ended
September 30,

Nine months ended
September 30,

2022

2021

2022

2021

Numerator: (in Thousands)

Net (loss) income

$

(750

)

$

1,363

$

(638

)

$

2,714

Denominator:

Weighted average number of basic shares outstanding

49,174,673

48,566,431

49,068,709

43,756,300

Weighted average additional shares assuming conversion of in-the-money stock options to common shares

0

2,162,000

0

1,970,000

Weighted average number of diluted common shares outstanding

49,174,673

50,728,431

49,068,709

45,726,300

Basic earnings per common share:

Net (loss) income per share – basic

$

(0.02)

$

0.03

$

(0.01)

$

0.06

Diluted earnings per common share:

Net (loss) income per share – diluted

$

(0.02)

$

0.03

$

(0.01)

$

0.06