Three Months Ended
September 30,

Nine Months Ended
September 30,

2021

2020

2021

2020

Numerator: (in Thousands)

Net income

$

1,363

$

430

$

2,714

$

795

Denominator:

Weighted average number of basic common shares outstanding

48,566,431

38,141,741

43,756,300

38,138,453

Weighted average additional shares assuming conversion of in-the-money stock options to common shares

2,162,000

291,000

1,970,000

90,000

Weighted average number of diluted common shares outstanding

50,728,431

38,432,741

45,726,300

38,228,453

Basic earnings per common share:

Net income per share – basic

$

0.03

$

0.01

$

0.06

$

0.02

Diluted earnings per common share:

Net income per share – diluted

$

0.03

$

0.01

$

0.06

$

0.02