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Earnings Per Share of Common Stock
 9 Months Ended
Sep. 30, 2021
Earnings Per Share of Common Stock [Abstract]  
Earnings Per Share of Common Stock
  NOTE (4) – Earnings Per Share of Common Stock
 

Basic earnings per share of common stock is computed pursuant to the two-class method by dividing net income available to common stockholders less dividends paid on participating securities (unvested shares of restricted common stock) and any undistributed earnings attributable to participating securities by the weighted average common shares outstanding during the period.  The weighted average common shares outstanding includes the weighted average number of shares of common stock outstanding less the weighted average number of unvested shares of restricted common stock.  ESOP shares are considered outstanding for this calculation unless unearned.  Diluted earnings per share of common stock includes the dilutive effect of unvested stock awards and additional potential common shares issuable under stock options.



 The following table shows how the Company computed basic and diluted earnings (loss) per share of common stock for the periods indicated: 
   
For the three months ended
September 30,
    
For the nine months ended
September 30,
  
   
2021
    
2020
     2021     2020  
   
(Dollars in thousands, except per share )
  
                         
Net income (loss) attributable to Broadway Financial Corporation
  
$
182
    
$
(244
)
   $ (2,604 )   $ (61 )
Less net income attributable to participating securities
    
-
      
(2)
       -       (1)  
Income (loss) available to common stockholders
  
$
182
    
$
(242
)
   $ (2,604 )   $ (61 )
                                 
Weighted average common shares outstanding for basic earnings (loss) per common share
    
71,222,869
      
27,224,344
       56,403,545       27,114,022  
Add: dilutive effects of unvested restricted stock awards
    
228,082
      
-
       -       -  
Weighted average common shares outstanding for diluted earnings (loss) per common share
    
71,450,951
      
27,224,344
       56,403,545       27,114,022  
                                 
Earnings (loss) per common share - basic
  
$
0.00
    
$
(0.01
)
   $ (0.05 )   $ 0.00  
Earnings (loss) per common share - diluted
  
$
0.00
    
$
(0.01
)
   $ (0.05 )   $ 0.00  
  

Stock options for 450,000 shares of common stock for the nine months ended September 30, 2021 were not considered in computing diluted earnings per common share for three months ended September 30, 2020, the nine months ended September 30, 2021 or the nine months ended September 30, 2020 because they were anti-dilutive due to the net loss. There were no unvested restricted stock awards outstanding during the three months ended September 30, 2021.