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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of calculation of numerator and denominator in earnings per share

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,
			2024						2023						2024						2023
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 repurchases			828,000						—						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 outstanding			13,718,169						13,718,169						13,718,169						13,718,169
Net (loss) income per common share attributable to common shareholders			$	(0.11)					$	0.02					$	(0.48)					$	(0.45)

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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