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Note 8 - Basic and Diluted Earnings Per Common Share | 3 Months Ended
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Mar. 31, 2023
Notes to Financial Statements |
Earnings Per Share [Text Block] | 8. Basic and Diluted Earnings per Common Share: The following table reconciles the numerators and denominators of the basic and diluted earnings per common share computation (Dollar amounts in thousands of US dollars, except for share data):
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Numerator for basic and diluted earnings per common share: |  |  |  |  |  |  |  |
Net income/(loss) for the period |  | $ | (19,083 | ) |  | $ | (3,020 | )
Denominator for basic and diluted earnings per common share: |  |  |  |  |  |  |  |
Basic weighted average number of common shares outstanding |  |  | 10,806,321 |  |  |  | 10,754,758 |
Effect of outstanding stock options |  |  | - |  |  |  | - |
Diluted weighted average number of shares outstanding |  |  | 10,806,321 |  |  |  | 10,754,758 |
Basic earnings/(loss) per common share |  | $ | (1.77 | ) |  | $ | (0.28 | )
Diluted earnings/(loss) per common share |  | $ | (1.77 | ) |  | $ | (0.28 | )
For the three ended March 31, 2023, the Company recorded a net loss, thus all outstanding options were considered anti-dilutive and excluded from the computation of diluted income per common share. For the three months ended March 31, 2022 the Company recorded a net loss, thus all outstanding options were considered anti-dilutive and excluded from the computation of diluted income per common share.

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