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Earnings (Loss) Per Common Share
 12 Months Ended
Dec. 31, 2019
Earnings (Loss) Per Common Share [Abstract]  
Earnings (Loss) Per Common Share
Note 12. Earnings (Loss) Per Common Share

Basic earnings per share was computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period. The computation of diluted earnings per share reflected the effect of potentially dilutive securities.

A reconciliation of the numerator and denominator of the loss per common share calculations is as follows:

  
For the Year Ended December 31, 2019
 
  
Loss
  
Weighted
Average
Shares
Outstanding
(In thousands)
  
Per Share
Amount
 
Basic and Diluted Loss Per Common Share
         
Net loss before preferred stock dividends
 
$
(386
)
  
20,258
  

 
Less preferred stock dividends
  
(399
)
  
-
     
Net loss applicable to common shareholders
 
$
(785
)
  
20,258
  
$
(.04
)

  
For the Year Ended December 31, 2018
 
  
Loss
  
Weighted
Average
Shares
Outstanding
(In thousands)
  
Per Share
Amount
 
Basic and Diluted Loss Per Common Share
         
Net loss before preferred stock dividends
 
$
(704
)
  
20,284
  

 
Less preferred stock dividends
  
(399
)
  
-
     
Net loss applicable to common shareholders
 
$
(1,103
)
  
20,284
  
$
(.05
)

The assumed conversion of the Company’s Series D Preferred Stock was excluded from the earnings per common share calculation for 2019 and 2018 since its impact would have been antidilutive.