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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share  
Schedule of computation of basic and diluted earnings per share

Three Months Ended

March 31, 

    

2025

    

2024

(in thousands, except per share data)

Net (loss)

 

$

(805)

$

(741)

Less: Preferred stock dividends

(100)

(100)

Net (loss) applicable to common stockholders

$

(905)

$

(841)

Weighted average common shares outstanding – basic

9,864

9,860

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

Weighted average common shares outstanding – diluted

9,864

9,860

Earnings (loss) per common share, basic

 

$

(0.09)

$

(0.09)

Earnings (loss) per common share, diluted

$

(0.09)

$

(0.09)

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

600

600

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

31