Net (Loss) Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net (Loss) Income Per Common Share

The following table sets forth the computation of basic and diluted net (loss) income per common share:

	Three months ended					Nine months ended
	September 30,					September 30,
(dollars in thousands, except per share amounts)	2022			2021		2022			2021
Numerator:
Net (loss) income	$	(1,297	)	$	7,890	$	(4,349	)	$	868
Denominator:
Weighted average number of shares of common stock outstanding		8,975,331			8,917,858		8,960,830			8,902,484
Weighted average effect of dilutive share-based compensation		-			164,513		-			148,363
Diluted weighted average number of shares of common stock outstanding		8,975,331			9,082,371		8,960,830			9,050,847
Net loss per common share:
Net (loss) income per common share - Basic	$	(0.14	)	$	0.88	$	(0.49	)	$	0.10
Net (loss) income per common share - Diluted	$	(0.14	)	$	0.87	$	(0.49	)	$	0.10