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Earnings Per Share of Common Stock
 3 Months Ended
Mar. 31, 2022
Earnings Per Share of Common Stock [Abstract]  
Earnings Per Share of Common Stock
NOTE (3) – 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.  Employee Stock Ownership Plan 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
March 31,
  
   
2022
    
2021
  
   
(In thousands, except share and
per share data)
  
             
Net income (loss) attributable to Broadway Financial Corporation
  
$
958
    
$
(3,487
)
Less net income attributable to participating securities
    
7
      
-
  
Income (loss) available to common stockholders
  
$
951
    
$
(3,487
)
                 
                 
Weighted average common shares outstanding for basic earnings (loss) per common share
    
72,039,378
      
27,357,750
  
Add: dilutive effects of stock options
     50,195       -  
Add: dilutive effects of unvested restricted stock awards
    
490,372
      
-
  
Weighted average common shares outstanding for diluted earnings (loss) per common share
    
72,579,945
      
27,357,750
  
                 
Income (loss) per common share - basic
  
$
0.01
    
$
(0.13
)
Income (loss) per common share - diluted
  
$
0.01
    
$
(0.13
)



Stock options for 450,000 shares of common stock for the three months ended March 31, 2021 were not considered in computing diluted earnings per common share because they were anti-dilutive due to the net loss. There were no unvested restricted stock awards as of March 31, 2021.