| Earnings Per Share |
Earnings Per Share Basic earnings per share ("EPS") is calculated by dividing net income (loss) attributable to the Company's common shareholders by the weighted average number of common shares outstanding for the period. The following table provides a reconciliation of the numerator and denominator of the EPS calculations: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | Numerator | | | | | | | | | Net (loss) income | $ | (133,000) | | | $ | 18,000 | | | $ | 1,312,000 | | | $ | 341,000 | | | Preferred stock dividends | (1,447,000) | | | (2,688,000) | | | (3,311,000) | | | (5,376,000) | | | Deemed contribution related to preferred stock repurchases | 3,185,000 | | | — | | | 13,434,000 | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income (loss) attributable to common shares | $ | 1,605,000 | | | $ | (2,670,000) | | | $ | 11,435,000 | | | $ | (5,035,000) | | | Denominator | | | | | | | | | Weighted average number of common shares outstanding | 13,718,169 | | 13,718,169 | | 13,718,169 | | 13,718,169 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income (loss) per common share attributable to common shareholders | $ | 0.12 | | | $ | (0.19) | | | $ | 0.83 | | | $ | (0.37) | |
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