Three Months Ended

Six Months Ended

June 30,

2023

2022

2023

2022

(in thousands, except per share data)

Net income

$

381

$

112

$

190

$

254

Less: Preferred stock dividends

(100)

(200)

Net income (loss) applicable to common stockholders

281

12

(10)

54

Weighted average common shares outstanding – basic

6,600

6,602

6,610

6,602

Dilutive potential common shares from convertible preferred stock

—

Weighted average common shares outstanding – diluted

6,600

6,602

6,610

6,602

Earnings (loss) per common share, basic

$

0.04

$

0.00

$

0.00

$

0.01

Earnings (loss) per common share, diluted

$

0.04

$

0.00

$

0.00

$

0.01

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

400