Three Months Ended

Nine Months Ended

September 30,

2023

2022

2023

2022

(in thousands, except per share data)

Net income (loss)

$

(125)

$

6

$

65

$

260

Less: Preferred stock dividends

(100)

(300)

Net income (loss) applicable to common stockholders

(225)

(94)

(235)

(40)

Weighted average common shares outstanding – basic

6,582

6,603

6,597

6,603

Dilutive potential common shares from convertible preferred stock

—

Weighted average common shares outstanding – diluted

6,582

6,603

6,597

6,603

Earnings (loss) per common share, basic

$

(0.03)

$

(0.01)

$

(0.04)

$

(0.01)

Earnings (loss) per common share, diluted

$

(0.03)

$

(0.01)

$

(0.04)

$

(0.01)

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

400