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Net Income per Common Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Computation of basic and diluted net income per common share:

 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2020
 
2019
 
2020
 
2019
Net income (loss)
$
(2,272,000
)
 
$
209,000

 
$
5,689,000

 
$
(3,636,000
)
Less: net income allocated to participating securities

 
10,000

 
358,000

 

Net income (loss) available to common shareholders
(2,272,000
)
 
199,000

 
5,331,000

 
(3,636,000
)
 
 
 
 
 
 
 
 
Weighted average common shares outstanding — basic
7,916,000

 
7,822,000

 
7,899,000

 
7,786,000

Effect of dilutive securities

 

 

 

Weighted average common and potentially issuable common shares outstanding — diluted
7,916,000

 
7,822,000

 
7,899,000

 
7,786,000

 
 
 
 
 
 
 
 
Basic net income (loss) per common share
$
(0.29
)
 
$
0.03

 
$
0.67

 
$
(0.47
)
Diluted net income (loss) per common share
$
(0.29
)
 
$
0.03

 
$
0.67

 
$
(0.47
)