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Earnings Per Common Share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Common Share [Abstract] |
Earnings Per Common Share |
10. | Earnings Per Common Share:
All shares issued are included in the Company’s common stock and have equal rights to vote and participate in dividends and in undistributed earnings. The components of the calculation of basic and diluted Earnings per share for the six months ended June 30, 2023 and 2024 are as follows:
|  | Six months ended June 30, |
|  | 2023 |  |  | 2024 |
Net Income |  |  | 5,774 |  |  |  | 1,939 |
Less: Dividends of Preferred shares |  |  | (3,485 | ) |  |  | - |
Earnings attributable to common shareholders, basic |  |  | 2,289 |  |  |  | 1,939 |
Weighted average common shares outstanding, basic |  |  | 1,482,756 |  |  |  | 4,626,197 |
Earnings per share, basic |  |  | 1.54 |  |  |  | 0.42 |
Earnings attributable to common shareholders, basic |  |  | 2,289 |  |  |  | 1,939 |
Add: Dividends of Convertible preferred shares |  |  | 1,001 |  |  |  | - |
Earnings attributable to common shareholders, diluted |  |  | 3,290 |  |  |  | 1,939 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Series E Shares |  |  | 1,273,863 |  |  |  | - |
Weighted average common shares outstanding, diluted |  |  | 2,756,619 |  |  |  | 4,626,197 |
Earnings per share, diluted |  |  | 1.19 |  |  |  | 0.42 |
For the period ended June 30, 2024, since all of the Company’s warrants were out of the money, no dilutive shares were assumed from their exercise.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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