Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (???EPS???) (Tables)

v3.22.2.2
Earnings Per Share (“EPS”) (Tables)
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Calculations of Basic and Diluted EPS

The calculations of basic and diluted EPS are as follows:

 

    Nine Months Ended September 30, 2022     Nine Months Ended September 30, 2021  
          Weighted                 Weighted        
          Average     Loss           Average     Earnings  
    Net     Shares     Per     Net     Shares     Per  
    Loss     Outstanding     Share     Income     Outstanding     Share  
    (in thousands, except per share data)     (in thousands, except per share data)  
Basic:                                                
As reported   $ (1,054 )     34,683     $ (0.03 )   $ 420       27,812          
Amounts allocated to unvested restricted shares and warrants     —       —               (22 )     (1,439 )        
Amounts available to common stockholders   $ (1,054 )     34,683     $ (0.03 )   $ 398       26,373     $ 0.02  
Diluted:                                                
Amounts allocated to unvested restricted shares     —       —               23       1,439          
Stock warrants     —       —               —      

3,964

          
Shares of common stock to be issued for convertible note     —       —              

31

       10,000          
Amounts reallocated to unvested restricted shares     —       —               (23 )     —          
Amounts available to stockholders and assumed conversions   $ (1,054 )     34,683     $ (0.03 )   $ 429       41,776     $ 0.01  

 

    Three Months Ended September 30, 2022     Three Months Ended September 30, 2021  
          Weighted                 Weighted        
          Average     Loss           Average     Earnings  
    Net     Shares     Per     Net     Shares     Per  
    Loss     Outstanding     Share     Income     Outstanding     Share  
    (in thousands, except per share data)     (in thousands, except per share data)  
Basic:                                                
As reported   $ 346       35,696             $ (195 )     33,064          
Amounts allocated to unvested restricted shares     —       —               -     -        
Amounts available to common stockholders   $ 346       35,696     $ 0.01     $ (195 )     33,064     $ (0.01 )
Diluted:                                                
Amounts allocated to unvested restricted shares     —       —               -       -          
Amounts reallocated to unvested restricted shares     —       —               -     —          
Amounts available to stockholders and assumed conversions   $ 346       35,696     $ 0.01     $ (195 )     33,064     $ (0.01 )