Three Months Ended June 30,

Six Months Ended June 30,

2020

2019

2020

2019

Numerator for basic and diluted earnings per common share:

Net income for the period

$

157

$

2,616

$

2,991

$

5,415

Denominator for basic and diluted earnings per common share:

Basic weighted average number of common shares outstanding

10,567,382

10,657,124

10,589,806

10,646,045

Effect of outstanding stock options

86,145

182,881

94,498

191,411

Diluted weighted average number of shares outstanding

10,653,527

10,840,005

10,684,304

10,837,456

Basic earnings per common share

$

0.01

$

0.25

$

0.28

$

0.51

Diluted earnings per common share

$

0.01

$

0.24

$

0.28

$

0.50