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Net Income per Common Share (Tables)
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Computation of basic and diluted net income per common share
The computation of basic and diluted net income (loss) per common share is as follows:

 
December 31,
 
2019
 
2018
 
2017
Net income (loss)
$
(15,223,000
)
 
$
(4,782,000
)
 
$
5,459,000

 
 
 
 
 
 
Weighted average common shares outstanding — basic
7,830,000

 
7,750,000

 
7,690,000

Effect of dilutive securities

 

 
57,000

Weighted average common and potentially issuable common shares outstanding — diluted
7,830,000

 
7,750,000

 
7,747,000

 
 
 
 
 
 
Basic net income (loss) per common share
$
(1.94
)
 
$
(0.62
)
 
$
0.71

Diluted net income (loss) per common share
$
(1.94
)
 
$
(0.62
)
 
$
0.70