Earnings Per Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

EARNINGS PER SHARE

10. EARNINGS PER SHARE.

The following tables compute basic and diluted earnings per share (in thousands, except per share data):

	Three Months Ended March 31, 2022
	Loss Numerator			Shares Denominator		Per-Share Amount
Net loss	$	(2,602	)
Less: Preferred stock dividends		(312	)
Basic and diluted loss per share:
Net loss available to common stockholders	$	(2,914	)		71,390	$	(0.04	)

	Three Months Ended March 31, 2021
	Income Numerator			Shares Denominator		Per-Share Amount
Net income	$	4,678
Less: Preferred stock dividends		(312	)
Basic income per share:
Income available to common stockholders	$	4,366			70,351	$	0.06
Add: Dilutive securities					2,113
Diluted income per share:
Income available to common stockholders	$	4,366			72,464	$	0.06

There were an additional aggregate potentially dilutive weighted-average shares of 1,339,000 and 3,265,000 from convertible securities outstanding for the three months ended March 31, 2022 and 2021. These securities were not considered in calculating diluted net income (loss) per share for the three months ended March 31, 2022 and 2021, as their effect would have been anti-dilutive. At March 31, 2022, the Company had outstanding unexercised warrants to purchase 8.9 million shares of its common stock at an exercise price of $9.76 per share. These warrants expired unexercised on April 28, 2022.