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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2022
EARNINGS PER SHARE  
Schedule of calculation of earnings (loss) per share

The following represents the calculation of earnings (loss) per share (in thousands, except per share amounts):

Years Ended December 31,

    

2022

  

2021

Basic:

Net income (loss)

$

18,539

$

(28,317)

Weighted average basic number of common shares outstanding

16,331

16,261

Basic net income (loss) per share of common share

$

1.14

$

(1.74)

Diluted:

Net income (loss)

$

18,539

$

(28,317)

Weighted average basic number of common shares outstanding

16,331

16,261

Common stock equivalent shares representing shares issuable upon:

Exercise of Warrants & Stock Options

Anti-dilutive

Anti-dilutive

Vesting of restricted stock units

179

Anti-dilutive

Weighted average diluted number of common shares outstanding

16,510

16,261

Diluted net income (loss) per share of common stock

$

1.12

$

(1.74)