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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share  
Schedule of computation of basic and diluted earnings per share

Year Ended

December 31,

2022

2021

(in thousands, except per share data)

Net income (loss)

    

$

1,672

    

$

(734)

Less: Preferred stock dividends

 

(400)

 

(48)

Net income (loss) applicable to common stockholders

$

1,272

$

(782)

Weighted average common shares outstanding – basic

 

6,603

 

6,601

Dilutive potential common shares from stock options, restricted stock units, and convertible preferred stock

 

 

Weighted average common shares outstanding – diluted

 

6,603

 

6,601

Earnings (loss) per common share, basic

$

0.19

$

(0.12)

Earnings (loss) per common share, diluted

$

0.19

$

(0.12)

Shares subject to anti-dilutive stock options and restricted stock units excluded from calculation

 

 

Shares subject to anti-dilutive Series A Convertible Preferred Stock excluded from calculation

 

400

 

400