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Earnings Per Share
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share ("EPS") is calculated by dividing net income (loss) attributable to the Company's common shareholders by the weighted average number of common shares outstanding for the period. The following table provides a reconciliation of the numerator and denominator of the EPS calculations:
Three months ended September 30,Nine months ended September 30,
2024202320242023
Numerator
Net income$357,000 $2,930,000 $698,000 $1,877,000 
Preferred stock dividends(2,674,000)(2,688,000)(8,050,000)(8,064,000)
Deemed contribution related to preferred stock repurchases828,000 — 828,000 — 
Net (loss) income attributable to common shares$(1,489,000)$242,000 $(6,524,000)$(6,187,000)
Denominator
Weighted average number of common shares outstanding13,718,16913,718,16913,718,16913,718,169
Net (loss) income per common share attributable to common shareholders$(0.11)$0.02 $(0.48)$(0.45)