Earnings Per Share

9 Months Ended

Sep. 30, 2023

. Earnings Per Share

Basic and diluted earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. 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 September 30,						Nine months ended September 30,
	2023			2022			2023			2022
Net income (loss)	$	(2,706	)	$	(1,523	)	$	(6,444	)	$	(12,792	)

Weighted average common shares, basic and diluted *		12,222,881			11,101,194			12,219,713			10,178,975

Earnings (loss) per common share, basic and diluted	$	(0.22	)	$	(0.14	)	$	(0.53	)	$	(1.26	)

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