| EARNINGS PER COMMON SHARE |
EARNINGS PER COMMON SHARE The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2025 and June 30, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Basic: | | | | | | | | Income (loss) from continuing operations | $ | (1,237) | | | $ | 876 | | | $ | (1,572) | | | $ | 1,759 | | Loss from discontinued operations | — | | | (10) | | | — | | | (69) | | Net income (loss) | (1,237) | | | 866 | | | (1,572) | | | 1,690 | | Less: Preferred stock dividends | 386 | | | 386 | | | 771 | | | 771 | | Net income available to (loss attributable to) common shareholders | $ | (1,623) | | | $ | 480 | | | $ | (2,343) | | | $ | 919 | | Weighted average common shares outstanding | 4,131,670 | | | 4,134,581 | | | 4,136,370 | | | 4,132,533 | | | | | | | | | | Basic earnings (loss) per common share: | | | | | | | | Continuing operations | $ | (0.39) | | | $ | 0.12 | | | $ | (0.57) | | | $ | 0.24 | | Discontinued operations | — | | | — | | | — | | | (0.02) | | Total | $ | (0.39) | | | $ | 0.12 | | | $ | (0.57) | | | $ | 0.22 | | | | | | | | | | Diluted: | | | | | | | | Income (loss) from continuing operations | $ | (1,237) | | | $ | 876 | | | $ | (1,572) | | | $ | 1,759 | | Loss from discontinued operations | — | | | (10) | | | — | | | (69) | | Net income (loss) | (1,237) | | | 866 | | | (1,572) | | | 1,690 | | Less: Preferred stock dividends | 386 | | | 386 | | | 771 | | | 771 | | Add: Series B preferred stock and preferred C stock dividends | — | | | — | | | — | | | — | | Net income available to (loss attributable to) common shareholders | $ | (1,623) | | | $ | 480 | | | $ | (2,343) | | | $ | 919 | | Weighted average common shares outstanding for basic earnings per common share | 4,131,670 | | | 4,134,581 | | | 4,136,370 | | | 4,132,533 | | Add: Dilutive effects of conversion of Series B preferred stock and Preferred C to common stock | — | | | — | | | — | | | — | | Add: Dilutive effects of assumed exercises of stock options and warrants | — | | | — | | | — | | | — | | Average shares and dilutive potential common shares | 4,131,670 | | | 4,134,581 | | | 4,136,370 | | | 4,132,533 | | | | | | | | | | Diluted earnings (loss) per common share: | | | | | | | | Continuing operations | $ | (0.39) | | | $ | 0.12 | | | $ | (0.57) | | | $ | 0.24 | | Discontinued operations | — | | | — | | | — | | | (0.02) | | Total | $ | (0.39) | | | $ | 0.12 | | | $ | (0.57) | | | $ | 0.22 | |
-The following securities outstanding at June 30, 2025 and June 30, 2024 have been excluded from the calculation of weighted average shares outstanding as their effect on the calculation of earnings (loss) per share are antidilutive: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Common stock options | 363,013 | | 365,700 | | 363,013 | | 366,238 | | Convertible Series B preferred stock | 3,210 | | 3,210 | | 3,210 | | 3,210 | | Convertible Series C preferred stock | 6,446 | | 6,446 | | 6,446 | | 6,446 |
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