2. Per Share Data

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Per Share Data

Basic per share amounts are computed by dividing net income (loss), after deducting current period dividends on the Company's preferred stock, by the weighted average number of common shares outstanding during the period. The weighted average number of common shares outstanding for the three and six months ended June 30, 2020 and 2019 was 5,317,758.

Diluted per share amounts are computed by dividing net income (loss) attributable to common shareholders by the weighted average number of common shares outstanding, after adjusting for the estimated effect of the assumed conversion of all cumulative convertible preferred stock and outstanding convertible debentures, if dilutive, into shares of common stock. For the three and six months ended June 30, 2020 and 2019, the assumed conversion of all outstanding convertible preferred stock and collateralized convertible debentures would have been anti-dilutive.

The following is a summary of the calculations used in computing basic and diluted loss per share for the three and six months ended June 30, 2020 and 2019.

	Three Months Ended						Six Months Ended
	June 30,			June 30,			June 30,			June 30,
	2020			2019			2020			2019
	($ in thousands, except share and per share data)
Net Loss	$	(378	)	$	(392	)	$	(777	)	$	(795	)
Preferred dividends		(160	)		(160	)		(320	)		(320	)
Loss Available to	$	(538	)	$	(552	)	$	(1,097	)	$	(1,115	)
Common shareholders
Basic and Diluted
Weighted Average Number
Of Common Shares
Outstanding		5,317,758			5,317,758			5,317,758			5,317,758
Basic and Diluted Loss
Per Common Share	$	(0.10	)	$	(0.10	)	$	(0.21	)	$	(0.21	)