Earnings Per Share

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Earnings Per Share

(5) Earnings Per Share

Options to purchase approximately 1,995,000 and 1,784,000 shares of common stock that were outstanding as of June 30, 2021 were included in the computation of earnings per share for the three months and six months ended June 30, 2021, respectively. Options to purchase approximately 65,000 and 50,000 shares of common stock that were outstanding as of June 30, 2020 were included in the computation of earnings per share for the three months and six months ended June 30, 2020, respectively.

Earnings applicable to common stock and common stock shares used in the calculation of basic and diluted earnings per share are as follows:

		Three Months Ended June 30,				Six Months Ended June 30,
		2021		2020		2021		2020
Numerator: (in Thousands)
Net income	$	41	$	532	$	1,351	$	365
Denominator:
Weighted average number of basic common shares outstanding		44,367,496		38,136,792		41,294,394		38,136,792
Weighted average additional shares assuming conversion of in-the-money stock options to common shares		1,995,000		65,000		1,784,000		50,000
Weighted average number of diluted common shares outstanding		46,362,496		38,201,792		43,078,394		38,186,792
Basic earnings per common share:
Net income per share – basic	$	0.00	$	0.01	$	0.03	$	0.01
Diluted earnings per common share:
Net income per share – diluted	$	0.00	$	0.01	$	0.03	$	0.01