| Schedule of Calculation of Numerator and Denominator in Earnings per Share |
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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