(Loss) Earnings per Common Share

3 Months Ended

Jun. 30, 2022

(Loss) Earnings per Common Share

(Loss) Earnings per Common Share

(Loss) Earnings per Common Share

Basic (loss) earnings per common share is computed based on the weighted average number of common shares outstanding during the periods presented. Diluted (loss) earnings per common share is computed based on the weighted average number of common shares outstanding plus the effect of stock options and other potentially dilutive common stock equivalents. The dilutive effect of stock options and other potentially dilutive common stock equivalents is determined using the treasury stock method based on the Company’s average stock price. There were no potentially dilutive common stock equivalents outstanding during the three-month period ended June 30, 2022, or 2021. As a result, basic and diluted weighted average common shares outstanding are identical for the three months ended June 30, 2022, and 2021.