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BASIC AND DILUTED (LOSS) INCOME PER COMMON SHARE (Tables)
 9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
The following table sets forth the computation of basic and diluted (loss) income per share (in thousands, except per share data):

Basic and diluted (loss) income 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 (loss) income per share (in thousands, except per share data):

 

                             
   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2021   2020   2021   2020 
Numerator:                
Net (loss) income  $(434)  $1,339   $(769)  $(2,242)
                     
Denominator:                    
Weighted average basic shares outstanding   8,726    8,726    8,726    8,726 
Effect of dilutive securities - equity based compensation plans   —    —    —    — 
Denominator for diluted net (loss) income per common share   8,726    8,726    8,726    8,726 
                     
Net (loss) income per common share:                    
Basic  $(0.05)  $0.15   $(0.09)  $(0.26)
Diluted  $(0.05)  $0.15   $(0.09)  $(0.26)