Year ended December 31,

2022

2021

2020

Numerator for basic and diluted earnings per common share:

Net income for the period

$

(27,571

)

$

3,364

$

5,775

Denominator for basic and diluted earnings per common share:

Basic weighted average number of common shares outstanding

10,769,280

10,662,337

10,590,684

Effect of outstanding stock options

-

155,132

101,597

Diluted weighted average number of shares outstanding

10,769,280

10,817,468

10,692,281

Basic earnings per common share

$

(2.56

)

$

0.32

$

0.55

Diluted earnings per common share

$

(2.56

)

$

0.31

$

0.54