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Note 3 - Earnings Per Share
 3 Months Ended
Mar. 31, 2022
Notes to Financial Statements  
Earnings Per Share [Text Block]

NOTE 3 — EARNINGS PER SHARE 

 

The following table presents a reconciliation of basic and diluted earnings per share for the three months ended March 31, 2022 and 2021, as follows: 

 

  

Three Months Ended

 
  

March 31,

 
  

2022

  

2021

 

Basic earnings per share calculation:

        

Net loss

 $(2,404) $(1,210)

Weighted average number of common shares outstanding

  19,707,815   17,178,136 

Basic net loss per share

 $(0.12) $(0.07)

Diluted earnings per share calculation:

        

Net loss

 $(2,404) $(1,210)

Weighted average number of common shares outstanding

  19,707,815   17,178,136 

Common stock equivalents:

        

Non-vested stock awards (1)

  —   — 

Weighted average number of common shares outstanding

  19,707,815   17,178,136 

Diluted net loss per share

 $(0.12) $(0.07)

 

 

(1) Restricted stock units granted and outstanding of 623,191 and 1,171,093 as of March 31, 2022 and 2021, are excluded from the computation of diluted earnings due to the anti-dilutive effect as a result of the Company’s net loss for the three months ended March 31, 2022 and 2021.

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