Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The following table presents the calculation of basic and diluted earnings (loss) per common share, as follows (dollars in thousands, except per share and share amounts):

	Three Months Ended June 30,						Six months ended June 30,
	2023			2022			2023			2022
Net income (loss)	$	(4,739	)	$	(8,399	)	$	(3,738	)	$	(11,269	)
Weighted average common shares, basic and diluted *		12,220,331			9,712,602			12,218,102			9,710,223
Earnings (loss) per common share, basic and diluted	$	(0.39	)	$	(0.86	)	$	(0.31	)	$	(1.16	)

* The non-vested shares of the restricted stock units and stock options were anti-dilutive as of June 30, 2023 and 2022. Therefore, the basic and diluted weighted average common shares are equal for the three and six months ended June 30, 2023 and 2022.