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7. Income (Loss) Per Share
Basic
income (loss) per share is calculated based on the weighted-average number of outstanding common shares during the applicable period.
Diluted income (loss) per share is based on the weighted-average number of outstanding common shares plus the weighted-average number
of potential outstanding common shares. In periods where they are anti-dilutive, such amounts are excluded from the calculations of dilutive
earnings per share. The following table reconciles the income (loss) and average share amounts used to compute both basic and diluted
income (loss) per share:
Schedule
of Earning Per Share
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Three Months Ended |
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Six Months Ended |
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June 30, |
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|
June 30, |
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| (Amounts
in Thousands, Except for Per Share Amounts) |
|
(Unaudited) |
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|
(Unaudited) |
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2023 |
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|
2022 |
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|
2023 |
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|
2022 |
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| Income (loss) per
common share from continuing operations |
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| Income (Loss)
from continuing operations, net of taxes |
|
$ |
519 |
|
|
$ |
(1,257 |
) |
|
$ |
202 |
|
|
$ |
(2,506 |
) |
| Basic income (loss)
per share |
|
$ |
.04 |
|
|
$ |
(.10 |
) |
|
$ |
.01 |
|
|
$ |
(.19 |
) |
| Diluted income (loss)
per share |
|
$ |
.03 |
|
|
$ |
(.10 |
) |
|
$ |
.01 |
|
|
$ |
(.19 |
) |
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| Loss per common
share from discontinued operations, net of taxes |
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| Loss from discontinued
operations, net of taxes |
|
$ |
(45 |
) |
|
$ |
(188 |
) |
|
$ |
(139 |
) |
|
$ |
(282 |
) |
| Basic loss per share |
|
$ |
— |
|
|
$ |
(.01 |
) |
|
$ |
(.01 |
) |
|
$ |
(.02 |
) |
| Diluted loss per share |
|
$ |
— |
|
|
$ |
(.01 |
) |
|
$ |
(.01 |
) |
|
$ |
(.02 |
) |
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| Net income (loss)
per common share |
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| Net income (loss) |
|
$ |
474 |
|
|
$ |
(1,445 |
) |
|
$ |
63 |
|
|
$ |
(2,788 |
) |
| Basic income (loss)
per share |
|
$ |
.04 |
|
|
$ |
(.11 |
) |
|
$ |
— |
|
|
$ |
(.21 |
) |
| Diluted income (loss)
per share |
|
$ |
.03 |
|
|
$ |
(.11 |
) |
|
$ |
— |
|
|
$ |
(.21 |
) |
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| Weighted average shares outstanding: |
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| Basic weighted average shares outstanding |
|
|
13,474 |
|
|
|
13,264 |
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|
|
13,417 |
|
|
|
13,249 |
|
| Add: dilutive effect of
stock options |
|
|
334 |
|
|
|
— |
|
|
|
205 |
|
|
|
— |
|
| Add: dilutive effect of
warrants |
|
|
40 |
|
|
|
— |
|
|
|
35 |
|
|
|
— |
|
| Diluted weighted average shares outstanding |
|
|
13,848 |
|
|
|
13,264 |
|
|
|
13,657 |
|
|
|
13,249 |
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| Potential shares excluded
from above weighted average share calculations due to their anti-dilutive effect include: |
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| Stock options |
|
|
— |
|
|
|
405 |
|
|
|
— |
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|
|
405 |
|
| Warrant |
|
|
— |
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— |
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— |
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— |
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| Antidilutive Securities |
|
|
- |
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|
- |
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|
- |
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- |
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