Three Months Ended

Six Months Ended

June 30,

2024

2023

2024

2023

(in thousands, except per share data)

Net income (loss)

$

(307)

$

381

$

(1,048)

$

190

Less: Preferred stock dividends

(100)

(200)

Net income (loss) applicable to common stockholders

(407)

281

(1,248)

(10)

Weighted average common shares outstanding – basic

9,860

9,900

9,860

9,915

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

—

Weighted average common shares outstanding – diluted

9,860

9,900

9,860

9,915

Earnings (loss) per common share, basic

$

(0.04)

$

0.03

$

(0.13)

$

0.00

Earnings (loss) per common share, diluted

$

(0.04)

$

0.03

$

(0.13)

$

0.00

Shares issuable upon conversion of Series A Convertible Preferred Stock excluded from calculation because their effect would be anti-dilutive

600

Shares subject to restricted stock units excluded from calculation because their effect would be anti-dilutive

31

—

31

—