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Net Income per Common Share
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Net Income per Common Share
Basic net loss per common share is computed based on the weighted average number of common shares outstanding during the period. Diluted net loss per common share is computed similarly but includes the effect of the assumed exercise of restricted stock and stock appreciation rights under the treasury stock method.
The computation of basic and diluted net loss per common share is as follows:

 
Three months ended
 
Nine months ended
 
September 30,
 
September 30,
 
2019
 
2018
 
2019
 
2018
Net loss
$
(6,125,000
)
 
$
(1,802,000
)
 
$
(9,761,000
)
 
$
(839,000
)
 
 
 
 
 
 
 
 
Weighted average common shares outstanding — basic
7,851,000

 
7,804,000

 
7,806,000

 
7,758,000

Effect of dilutive securities
—

 
—

 
—

 
—

Weighted average common and potentially issuable common shares outstanding — diluted
7,851,000

 
7,804,000

 
7,806,000

 
7,758,000

 
 
 
 
 
 
 
 
Basic net loss per common share
$
(0.78
)
 
$
(0.23
)
 
$
(1.25
)
 
$
(0.11
)
Diluted net loss per common share
$
(0.78
)
 
$
(0.23
)
 
$
(1.25
)
 
$
(0.11
)