Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2023

Shareholders' Equity

Schedule of stockholders equity

	Nine-month Period Ended September 30, 2023
			Accumulated
			Other				Capital in						Total
	Retained		Comprehensive				excess of				Treasury		shareholders’
	Earnings		Income/(Loss)		Common Stock		par value		ESOT		stock		equity
December 31, 2022	$	23,741	$	(2,337)	$	523	$	14,556	$	(157)	$	(1,214)	$	35,112
Retirement benefits adjustment		—		13		—		—		—		—		13
Stock based compensation		—		—		—		17		—		24		41
Net Loss		(1,547)		—		—		—		—		—		(1,547)
March 31, 2023	$	22,194	$	(2,324)	$	523	$	14,573	$	(157)	$	(1,190)	$	33,619
Retirement benefits adjustment		—		12		—		—		—		—		12
Stock based compensation		—		—		1		14		—		18		33
Net Loss		(9,500)		—		—		—		—		—		(9,500)
June 30, 2023	$	12,694	$	(2,312)	$	524	$	14,587	$	(157)	$	(1,172)	$	24,164
Retirement benefits adjustment		—		17		—		—		—		—		17
Stock based compensation		—		—		1		16		—		20		37
Net Loss		(205)		—		—		—		—		—		(205)
September 30, 2023	$	12,489	$	(2,295)	$	525	$	14,603	$	(157)	$	(1,152)	$	24,013

	Nine-month Period Ended September 30, 2022
			Accumulated
			Other				Capital in						Total
	Retained		Comprehensive				excess of				Treasury		shareholders’
	Earnings		Income/(Loss)		Common Stock		par value		ESOT		stock		equity
December 31, 2021	$	25,858	$	(3,908)	$	523	$	14,500	$	(258)	$	(1,349)	$	35,366
Retirement benefits adjustment		—		22		—		—		—		—		22
Stock based compensation		—		—		—		2		—		23		25
Net Income		325		—		—		—		—		—		325
March 31, 2022	$	26,183	$	(3,886)	$	523	$	14,502	$	(258)	$	(1,326)	$	35,738
Retirement benefits adjustment		—		22		—		—		—		—		22
Stock based compensation		—		—		—		7		—		35		42
Net Loss		(810)		—		—		—		—		—		(810)
June 30, 2022	$	25,373	$	(3,864)	$	523	$	14,509	$	(258)	$	(1,291)	$	34,992
Retirement benefits adjustment		—		22		—		—		—		—		22
Stock based compensation		—		—		—		26		—		33		59
Net Loss		(316)		—		—		—		—		—		(316)
September 30, 2022	$	25,057	$	(3,842)	$	523	$	14,535	$	(258)	$	(1,258)	$	34,757

Summary of restricted stock activity

		Weighted Average
		Grant Date Fair
	Shares	Value
Restricted Share Activity:
Unvested at December 31, 2022	27,010	$	11.09
Granted in 2023	12,894	$	11.85
Vested in 2023	(15,794)	$	11.18
Unvested at September 30, 2023	24,110	$	11.43

Schedule of earnings per share

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
	($000’s omitted except per share data)
Income/(loss) from continuing operations	$	182	$	(587)	$	(3,926)	$	(928)
(Loss)/income from discontinued operation		(386)		271		(7,326)		127
Net loss	$	(204)	$	(316)	$	(11,252)	$	(801)
Weighted average common shares outstanding (basic)		2,472		2,424		2,465		2,427
Unvested restricted stock		24		15		24		15
Weighted average common shares outstanding (diluted)		2,496		2,442		2,489		2,442
Basic and diluted earnings per share
Continuing operations	$	0.07	$	(0.24)	$	(1.59)	$	(0.38)
Discontinued operation		(0.16)		0.11		(2.97)		0.05
Basic and diluted earnings per share	$	(0.09)	$	(0.13)	$	(4.56)	$	(0.33)

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