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Note 9 - Basic and Diluted Earnings Per Common Share | 6 Months Ended
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Jun. 30, 2023
Notes to Financial Statements |
Earnings Per Share [Text Block] | 9. 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 June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Numerator for basic and diluted earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income/(loss) for the period |  | $ | (30,968 | ) |  | $ | (3,125 | ) |  | $ | (50,051 | ) |  | $ | (6,145 | )
Denominator for basic and diluted earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average number of common shares outstanding |  |  | 10,836,652 |  |  |  | 10,765,595 |  |  |  | 10,821,608 |  |  |  | 10,758,691 |
Effect of outstanding stock options |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Diluted weighted average number of shares outstanding |  |  | 10,836,652 |  |  |  | 10,765,595 |  |  |  | 10,821,608 |  |  |  | 10,758,691 |
Basic and diluted earnings/(loss) per common share |  | $ | (2.86 | ) |  | $ | (0.29 | ) |  | $ | (4.63 | ) |  | $ | (0.57 | )
For the three and six months ended June 30, 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 and six months ended June 30, 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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