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Earnings (Loss) Per Common Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings (Loss) Per Common Share [Abstract]  
Computation of Earnings Per Share



 

 

 

 

 



December 31, 2016

 

December 31, 2015

Basic

 

 

 

 

 

Net income

$

1,627 

 

$

4,477 

Dividends on Series B  preferred stock and accretion of discount

 

(857)

 

 

(857)

Net income allocated to common stockholders

$

770 

 

$

3,620 



 

 

 

 

 

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

 

16,020,847 

 

 

15,857,127 

Less: Unvested share-based payment awards

 

 -

 

 

 -

Average shares

 

16,020,847 

 

 

15,857,127 

Basic earnings per common share

$

0.05 

 

$

0.23 



 

 

 

 

 

Diluted

 

 

 

 

 

Net earnings allocated to common stockholders

$

770 

 

$

3,620 

Add back: Preferred Dividends on Series B stock

 

 -

 

 

857 

Net earnings allocated to fully-diluted

$

770 

 

$

4,477 



 

 

 

 

 

Weighted average common shares outstanding for basic earnings per common share

 

16,020,847 

 

 

15,857,127 

Add: Dilutive effects of assumed exercises of stock options

 

38,184 

 

 

8,473 

Add: Dilutive effects of assumed exercises of Series B preferred stock

 

 -

 

 

6,857,143 

Average shares and dilutive potential common shares

 

16,059,031 

 

 

22,722,743 

Diluted earnings per common share

$

0.05 

 

$

0.20 



Summary of Anti-Dilutive Options or Warrants



 

 

 

 

 



 

2016

 

 

2015

Stock options

 

282,971 

 

 

417,058 

Series B preferred stock

 

6,857,143 

 

 

 -

Stock warrants

 

1,152,125 

 

 

1,152,125