Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2023

Earnings (Loss) Per Share [Line Items]

Earnings Per Share [Text Block]

17.  (Loss) Earnings Per Share

The following table presents the calculation of (loss) earnings per share for the years ended December 31, 2023 and 2022:

In thousands, except per share data	2023		2022
Numerator:
Net (loss) income, as reported	$	(4,067)	$	323
Denominator:
Weighted average shares     outstanding - basic		13,483		13,446
Weighted average shares     outstanding - diluted		13,483		13,675
Basic and diluted (loss) earnings     per share	$	(0.30)	$	0.02

At December 31, 2023 and 2022, there were no dividends accumulated on the Company’s SBCPS.

Basic earnings (loss) per common share is computed by dividing net income (loss) attributable to common shares by the weighted average number of common shares outstanding for the period.  Diluted income (loss) per common share is computed by dividing net income (loss) attributable to common shares, by the weighted average number of common shares outstanding, adjusted for shares that would be assumed outstanding after warrants and stock options are accounted for under the treasury stock method.

At December 31, 2023 and 2022, outstanding warrants exercisable into 1.8 million and 1.9 million shares of Common Stock, respectively, were excluded from the calculation of diluted loss per share because their impact would have been anti-dilutive.