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Earnings (Loss) Per Common Share (Tables)
12 Months Ended
Dec. 31, 2014
Earnings (Loss) Per Common Share [Abstract]  
Computation of Earnings Per Share

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2012

Basic

 

 

 

 

 

 

 

 

Net earnings (loss)

$

479 

 

$

(918)

 

$

(3,766)

Dividends on Series A preferred stock, discount on redemption and accretion of discount, net

 

 -

 

 

 -

 

 

4,632 

Dividends on Series B preferred stock and accretion of discount

 

(421)

 

 

 -

 

 

 -

Earnings (loss) allocated to common stockholders

$

58 

 

$

(918)

 

$

866 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding including unvested share-based payment awards

 

15,823,710 

 

 

15,823,834 

 

 

6,317,032 

Less: Unvested share-based payment awards

 

 -

 

 

(210)

 

 

(2,331)

Average shares

 

15,823,710 

 

 

15,823,624 

 

 

6,314,701 

Basic earnings (loss) per common share

$

0.00 

 

$

(0.06)

 

$

0.14 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

Net earnings (loss) allocated to common stockholders

$

58 

 

$

(918)

 

$

866 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for basic earnings (loss) per common share

 

15,823,710 

 

 

15,823,624 

 

 

6,314,701 

Add: Dilutive effects of assumed exercises of stock options

 

30,279 

 

 

 -

 

 

948 

Add: Dilutive effects of assumed exercises of stock warrants

 

 -

 

 

 -

 

 

 -

Average shares and dilutive potential common shares

 

15,853,989 

 

 

15,823,624 

 

 

6,315,649 

Diluted earnings (loss) per common share

$

0.00 

 

$

(0.06)

 

$

0.14 

 

Summary of Anti-Dilutive Options or Warrants

 

 

 

 

 

 

 

 

 

 

 

2014

 

 

2013

 

 

2012

Stock options

 

245,381 

 

 

639,686 

 

 

40,502 

Series B preferred stock

 

6,857,143 

 

 

 -

 

 

 -

Stock warrants

 

1,152,125 

 

 

 -

 

 

49,474