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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share  
Schedule of computation of basic and diluted earnings per share

Year Ended

December 31,

2023

2022

(in thousands, except per share data)

Net income (loss)

    

$

(383)

    

$

1,672

Less: Preferred stock dividends

 

(400)

 

(400)

Net income (loss) applicable to common stockholders

$

(783)

$

1,272

Weighted average common shares outstanding – basic

 

9,887

 

9,905

Dilutive potential common shares from convertible preferred stock

 

 

Weighted average common shares outstanding – diluted

 

9,887

 

9,905

Earnings (loss) per common share, basic

$

(0.08)

$

0.13

Earnings (loss) per common share, diluted

$

(0.08)

$

0.13

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

 

600

 

600