16. Income (Loss) Per Share

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Loss Per Share

The following is a summary of the calculations used in computing basic and diluted income (loss) per share:

	2017			2016
	($ in thousands, except share data)
Numerator:
BASIC
Net Income (Loss)	$	(1,566	)	$	2,892
Preferred Dividends		(640	)		(640	)
Income (Loss) Available to Common Shareholders	$	(2,206	)	$	2,252
DILUTED
Income (Loss) Available to Common Shareholders	$	(2,206	)	$	2,252
Dilutive effect - Preferred Dividends		-			640
Dilutive effect - Converible debenture interest		-			614
Adjusted Income (Loss) Available to
Common Shareholders	$	(2,206	)	$	3,506
Denominator:
BASIC
Weighted average amount of shares outstanding		5,317,758			5,317,758
DILUTED
Weighted average amount of shares outstanding		5,317,758			5,317,758
Dilutive effect of assumed conversion of
Preferred Stock		-			3,760,000
Dilutive effect of assumed conversion of
Debentures		-			872,418
Dilutive common shares		5,317,758			9,950,176
Income (Loss) per share
Basic	$	(0.41	)	$	0.42
Diluted	$	(0.41	)	$	0.35