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BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE
 3 Months Ended
Mar. 31, 2021
Earnings (loss) per share:  
BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE

11. BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE

 

Basic and diluted income (loss) per common share is calculated based on the weighted average number of shares outstanding during the period. The Company’s employee and director stock option awards, as well as incremental shares issuable upon exercise of warrants, are not considered in the calculations if the effect would be anti-dilutive. The following table sets forth the computation of basic and diluted income (loss) per share (in thousands, except per share data):

 

    Three Months Ended  
    March 31,  
    2021     2020  
Numerator:                
Net income (loss)   $ 351     $ (2,921 )
                 
Denominator:                
Weighted average basic shares outstanding     8,726       8,726  
Effect of dilutive securities - equity based compensation plans     63       —  
Denominator for diluted net income (loss) per common share     8,789       8,726  
                 
Net income (loss) per common share:                
Basic   $ 0.04     $ (0.33 )
Diluted   $ 0.04     $ (0.33 )