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Earnings Per Share of Common Stock | 9 Months Ended
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Sep. 30, 2021
Earnings Per Share of Common Stock [Abstract] |
Earnings Per Share of Common Stock | NOTE (4) – Earnings Per Share of Common Stock Basic earnings per share of common stock is computed pursuant to the two-class method by dividing net income available to common stockholders less dividends paid on participating securities (unvested shares of restricted common stock) and any undistributed earnings attributable to participating securities by the weighted average common shares outstanding during the period. The weighted average common shares outstanding includes the weighted average number of shares of common stock outstanding less the weighted average number of unvested shares of restricted common stock. ESOP shares are considered outstanding for this calculation unless unearned. Diluted earnings per share of common stock includes the dilutive effect of unvested stock awards and additional potential common shares issuable under stock options. The following table shows how the Company computed basic and diluted earnings (loss) per share of common stock for the periods indicated:
|  | For the three months ended September 30, |  |  | For the nine months ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  | (Dollars in thousands, except per share ) |
Net income (loss) attributable to Broadway Financial Corporation |  | $ | 182 |  |  | $ | (244 | ) |  | $ | (2,604 | ) |  | $ | (61 | )
Less net income attributable to participating securities |  |  | - |  |  |  | (2) |  |  |  | - |  |  |  | (1) |
Income (loss) available to common stockholders |  | $ | 182 |  |  | $ | (242 | ) |  | $ | (2,604 | ) |  | $ | (61 | )
Weighted average common shares outstanding for basic earnings (loss) per common share |  |  | 71,222,869 |  |  |  | 27,224,344 |  |  |  | 56,403,545 |  |  |  | 27,114,022 |
Add: dilutive effects of unvested restricted stock awards |  |  | 228,082 |  |  |  | - |  |  |  | - |  |  |  | - |
Weighted average common shares outstanding for diluted earnings (loss) per common share |  |  | 71,450,951 |  |  |  | 27,224,344 |  |  |  | 56,403,545 |  |  |  | 27,114,022 |
Earnings (loss) per common share - basic |  | $ | 0.00 |  |  | $ | (0.01 | ) |  | $ | (0.05 | ) |  | $ | 0.00 |
Earnings (loss) per common share - diluted |  | $ | 0.00 |  |  | $ | (0.01 | ) |  | $ | (0.05 | ) |  | $ | 0.00 |
Stock options for 450,000 shares of common stock for the nine months ended September 30, 2021 were not considered in computing diluted earnings per common share for three months ended September 30, 2020, the nine months ended September 30, 2021 or the nine months ended September 30, 2020 because they were anti-dilutive due to the net loss. There were no unvested restricted stock awards outstanding during the three months ended September 30, 2021.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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