Per Share Data

9 Months Ended

Sep. 30, 2022

Per Share Data

Per Share Data

(2) 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 nine months ended September 30, 2022 and 2021 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 nine months ended September 30, 2022 and 2021, 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 nine months ended September 30, 2022 and 2021.

	Three Months Ended						Nine Months Ended
	September 30,			September 30,			September 30,			September 30,
	2022			2021			2022			2021
	($ in thousands, except share and per share data)
Net Loss	$	(388	)	$	(376	)	$	(1,122	)	$	(1,102	)
Preferred dividends		(160	)		(160	)		(480	)		(480	)
Loss Available to Common shareholders	$	(548	)	$	(536	)	$	(1,602	)	$	(1,582	)
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	)	$	(0.30	)	$	(0.30	)