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Net Income (Loss) per Common Share (Tables)
12 Months Ended
Dec. 31, 2020
Net Income (Loss) per Common Share  
Computation of basic and diluted net income (loss) per common share
December 31,
2020
2019
2018
Net income (loss)
$
8,165,000
$
(15,223,000)
$
(4,782,000)
Less: net income allocated to participating securities
424,000
Net income (loss) available to common shareholders
$
7,741,000
$
(15,223,000)
$
(4,782,000)
Weighted average common
 
shares outstanding — basic
7,936,000
7,830,000
7,750,000
Effect of dilutive securities
3,000
Weighted average common
 
and potentially issuable
 
 
common shares outstanding — diluted
7,939,000
7,830,000
7,750,000
Basic net income (loss) per common share
$
0.98
$
(1.94)
$
(0.62)
Diluted net income (loss) per common share
$
0.98
$
(1.94)
$
(0.62)
December 31,
2020
2019
2018
Net income allocated to participating securities
$
424,000
Weighted average participating
 
shares outstanding — basic
434,000
300,000
216,000
Effect of dilutive securities
Weighted average participating
 
and potentially issuable
 
 
participating shares outstanding — diluted
434,000
300,000
216,000
Basic net income per participating share
$
0.98
$
$
Diluted net income per participating share
$
0.98
$
$