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Earnings (Loss) from Continuing Operations Per Common Share (Tables)
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings (Loss) Per Common Share

The following table sets forth the computation of basic and diluted earnings (loss) per common share (in thousands, except share and per share data):

 

 

Year Ended December 31,

 

 

 

2015

 

 

 

2014

 

Net income (loss)**

$

(2,942)

 

 

$

(2,399)

 

Weighted average basic shares

 

8,241,585

 

 

 

8,182,034

 

Dilutive effect of stock options, restricted stock units, preferred stock and warrants*

 

0

 

 

 

0

 

Total weighted average diluted shares with assumed conversions

 

8,241,585

 

 

 

8,182,034

 

Earnings loss from continuing operations per common share:

 

 

 

 

 

 

 

Basic

$

$(0.36)

 

 

$

(0.29)

 

Dilutive

$

$(0.36)

 

 

$

(0.29)

 

*No units or shares are considered when losses cause the effect to be anti-dilutive.

**Net income (loss) represents net income (loss) from continuing operations less the dividends on redeemable convertible preferred stock.