Earnings Per Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share

(4) Earnings Per Share

Options to purchase approximately 2,080,000 shares of common stock that were outstanding as of March 31, 2022 were included in the computation of earnings per share for the three months ended March 31, 2022.  Options to purchase approximately 1,590,000 shares of common stock that were outstanding as of March 31, 2021 were included in the computation of earnings per share for the three months ended March 31, 2021.

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 March 31,
	2022		2021
Numerator: (in Thousands)
Net income	$	62	$	1,310
Denominator:
Weighted average number of basic common shares outstanding		48,984,312		38,221,292
Weighted average additional shares assuming conversion of in-the-money stock options to common shares		2,080,000		1,590,000
Weighted average number of diluted common shares outstanding		51,064,312		39,811,292
Basic earnings per common share:
Net income per share – basic	$	0.00	$	0.03
Diluted earnings per common share:
Net income per share – diluted	$	0.00	$	0.03