3. Earnings (Loss) Per Share

Earnings (loss) per common share is computed based on the weighted-average number of common shares outstanding and, when appropriate, dilutive potential common stock outstanding during the period. Stock options are considered to be potential common stock. The computation of diluted earnings (loss) per share does not assume exercise or conversion of securities that would have an anti-dilutive effect.

Basic earnings (loss) per common share is the amount of net earnings (loss) for the period available to each weighted-average share of common stock outstanding during the reporting period. Diluted earnings (loss) per common share is the amount of earnings (loss) for the period available to each weighted-average share of common stock outstanding during the reporting period and to each share of potential common stock outstanding during the period, unless inclusion of potential common stock would have an anti-dilutive effect.

The following table sets forth the computation of basic and diluted earnings (loss) per common share:

	Three months ended June 30,						Six months ended June 30,
	2020			2019			2020			2019
Numerator:
Net loss	$	(1,937	)	$	(2,098	)	$	(3,784	)	$	(4,447	)
Denominator:
Basic weighted average shares outstanding		16,650,774			16,630,770			16,650,750			16,630,684
Dilutive common stock equivalents using treasury stock method		—			—			—			—
Diluted weighted average shares outstanding		16,650,774			16,630,770			16,650,750			16,630,684

Basic loss per common share	$	(0.12	)	$	(0.13	)	$	(0.23	)	$	(0.27	)
Diluted loss per common share	$	(0.12	)	$	(0.13	)	$	(0.23	)	$	(0.27	)

Weighted average options outstanding		542,196			569,997			542,507			578,543
Anti-dilutive options not included in the computations		542,196			569,997			542,507			578,543