Net Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Schedule of Numerators and Denominators Used in Calculation of Basic and Diluted Earnings Per Share

($ in thousands)	Year Ended December 31,
	2022			2021
Basic and diluted:
Net income (loss) from continuing operations	$	1,088		$	(7,333	)
Income attributable to noncontrolling interest		–			(1,326	)
Dividends declared on Series A Preferred Shares		(1,789	)		(1,692	)
Loss attributable to FG Financial Group, Inc. common shareholders from continuing operations		(701	)		(10,351	)
Weighted average common shares		8,030,106			5,212,772
Loss per common share from continuing operations	$	(0.09	)	$	(1.99	)
Gain from sale of former insurance business	$	–		$	(145	)
Weighted average common shares outstanding		8,030,106			5,212,772
Income per common share from discontinued operations	$	–		$	0.03
Loss per share attributable to common shareholders	$	(0.09	)	$	(1.96	)

Schedule of Potentially Dilutive Securities Excluded from Calculation

The following potentially dilutive securities outstanding as of December 31, 2022 and 2021 have been excluded from the computation of diluted weighted-average shares outstanding as their effect would be anti-dilutive.

	As of December 31,
	2022		2021
Warrants to purchase common stock		-		1,500,000
Options to purchase common stock		130,000		130,000
Restricted shares		25,000		-
Restricted stock units		256,382		164,655
		411,382		1,794,655