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NET INCOME (LOSS) PER COMMON SHARE (Tables)
6 Months Ended
Jun. 30, 2023
NET INCOME (LOSS) PER COMMON SHARE [Abstract]  
Reconciliation of Numerator and Denominator of Net Income (Loss) Per Share Computations
The following is a reconciliation of the numerator and denominator of the net income (loss) per share computations for the three and six months ended June 30, 2023 and 2022:

    Three Months Ended     Six Months Ended  

 
June 30,
   
June 30,
 
(in thousands, except share data)
 
2023
   
2022
   
2023
   
2022
 
Numerator:
                       
Net income
 
$
17,250
   
$
259
   
$
17,141
   
$
532
 
Less: preferred stock dividend
   
-
     
(304
)
   
-
     
(608
)
Net income (loss) allocated to common stockholders
 
$
17,250
   
$
(45
)
 
$
17,141
   
$
(76
)
                                 
Basic income (loss) per share:
                               
Denominator:
                               
Weighted average common shares outstanding
   
30,140,221
     
25,962,617
     
30,090,113
     
25,842,456
 
Basic income (loss) per share
 
$
0.57
   
$
(0.00
)
 
$
0.57
   
$
(0.00
)
                                 
Diluted income (loss) per share:
                               
Denominator:
                               
Weighted average number of:
                               
Common shares outstanding
   
30,397,308
     
25,962,617
     
30,333,495
     
25,842,456
 
Dilutive shares outstanding
   
30,397,308
     
25,962,617
     
30,333,495
     
25,842,456
 
Diluted income (loss) per share
 
$
0.57
   
$
(0.00
)
 
$
0.57
   
$
(0.00
)
Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table summarizes the potential weighted average shares of Common Stock that were excluded from the determination of our diluted shares outstanding as they were anti-dilutive:

     Three Months Ended      Six Months Ended  

 
June 30,
   
June 30,
 
(in thousands, except share data)
 
2023
   
2022
   
2023
   
2022
 
Series A Preferred Stock
   
-
     
5,381,356
     
-
     
5,381,356
 
Unvested restricted stock
   
-
     
1,547,124
     
-
     
1,599,891
 
     
-
     
6,928,480
     
-
     
6,981,247