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Earnings (Loss) Per Common Share (Tables)
12 Months Ended
Dec. 31, 2015
Earnings (Loss) Per Common Share [Abstract]  
Computation of Earnings Per Share

 

 

 

 

 

 

 

2015

 

2014

Basic

 

 

 

 

 

Net earnings (loss)

$

4,477 

 

$

479 

Preferred dividends on Series B stock

 

(857)

 

 

(421)

Net earnings (loss) allocated to common stockholders

$

3,620 

 

$

58 

 

 

 

 

 

 

Weighted average common shares outstanding including unvested share-based payment awards

 

15,857,127 

 

 

15,823,710 

Less: Unvested share-based payment awards

 

 -

 

 

 -

Average shares

 

15,857,127 

 

 

15,823,710 

Basic earnings (loss) per common share

$

0.23 

 

$

0.00 

 

 

 

 

 

 

Diluted

 

 

 

 

 

Net earnings (loss) allocated to common stockholders

$

3,620 

 

$

58 

Add back: Preferred Dividends on Series B stock

 

857 

 

 

 -

Net earnings (loss) allocated to fully-diluted

$

4,477 

 

$

58 

 

 

 

 

 

 

Weighted average common shares outstanding for basic earnings (loss) per common share

 

15,857,127 

 

 

15,823,710 

Add: Dilutive effects of assumed exercises of stock options

 

8,473 

 

 

30,279 

Add: Dilutive effects of assumed exercises of Series B preferred stock

 

6,857,143 

 

 

 -

Average shares and dilutive potential common shares

 

22,722,743 

 

 

15,853,989 

Diluted loss per common share

$

0.20 

 

$

0.00 

 

Summary of Anti-Dilutive Options or Warrants

 

 

 

 

 

 

 

 

2015

 

 

2014

Stock options

 

417,058 

 

 

245,381 

Series B preferred stock

 

 -

 

 

6,857,143 

Stock warrants

 

1,152,125 

 

 

1,152,125