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Note 8 - Basic and Diluted Earnings Per Common Share
 3 Months Ended
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.