Three Months Ended

Nine Months Ended

September 30,

(In thousands, except share and earnings per share data)

2021

2020

2021

2020

Basic earnings (loss) per common share

Numerator:

Net income (loss)

$

79

$

(1,133

)

$

6,837

$

4,795

Amount attributable to unvested restricted shares

(2

)

-

(212

)

(138

)

Amount attributable to warrants outstanding

-

(4

)

(335

)

Net income (loss) allocated to common shareholders

77

(1,133

)

6,621

4,322

Denominator:

Weighted-average common shares issued and outstanding

40,911,801

31,639,420

37,435,224

25,418,375

Basic earnings (loss) per common share

$

0.00

$

(0.04

)

$

0.18

$

0.17

Diluted earnings (loss) per common share

Numerator:

Net income (loss)

$

79

$

(1,133

)

$

6,837

$

4,795

Amount attributable to unvested restricted shares

(2

)

-

(205

)

-

Amount attributable to warrants

-

(4

)

(49

)

Less: gain related to change in fair value of warrants

-

(4,467

)

Diluted earnings (loss) per common share

77

(1,133

)

6,628

279

Denominator:

Weighted-average common shares issued and outstanding

40,911,801

31,639,420

37,435,224

25,418,375

Dilutive potential common shares from:

Stock options

1,069,207

-

1,330,207

1,754,051

Restricted shares

1,315,462

-

1,195,154

285,975

Warrants

-

24,338

1,954,137

Diluted weighted average shares issued and outstanding

43,296,470

31,639,420

39,984,923

29,412,538

Diluted earnings (loss) per common share

$

0.00

$

(0.04

)

$

0.17

$

0.01