Earning Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Summary of composition of earnings per share

The following table sets forth the composition of earnings per share:
 

(In Thousands, except share and per share data)	Year Ended December 31,
	2022		2021
Net income (loss)	$	5,598	$	289
Basic weighted average common shares outstanding		11,310,386		6,879,658
Net effect of dilutive stock options and warrants		—		370,805
Diluted weighted average common shares outstanding		11,310,386		7,250,463
Net income (loss) per common share:
Basic	$	0.49	$	0.04
Diluted	$	0.49	$	0.04

Schedule of Dilutive Securities Included in Computation of Earnings Per Share

The following is a summary of securities that could potentially dilute basic earnings per common share in future periods that were included in the computation of diluted earnings per common share for the years ended December 31, 2022 and 2021.

	Year Ended December 31,
	2022		2021
Share-based compensation awards		—		161,100
Warrants		—		1,537,484
Total dilutive securities		—		1,698,584

Schedule of Dilutive Securities Excluded in Computation of Earnings Per Share

The following is a summary of securities that could potentially dilute basic earnings per share in future periods that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the periods presented.

	Year Ended December 31,
	2022		2021
Share-based compensation awards		195,700		—
Warrants		1,537,484		—
Total anti-dilutive securities		1,733,184		—