Computation of Basic and Diluted Net Earnings Per Share |
The following table presents the computation of basic and diluted net earnings per share:
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Three Months Ended March 31,
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Six Months Ended March 31,
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2020
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2019
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2020
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2019
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Basic
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Net income
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$
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1,881
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$
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473
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$
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2,866
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$
|
2,004
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Less: preferred stock dividends
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—
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—
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—
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—
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Net income applicable to common stock
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$
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1,881
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$
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473
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$
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2,866
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$
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2,004
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Weighted average common shares outstanding
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1,752,908
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1,925,972
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1,779,706
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1,935,610
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Basic earnings per share
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$
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1.07
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$
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0.25
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$
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1.61
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$
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1.03
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Diluted
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Net income applicable to common stock
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$
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1,881
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$
|
473
|
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$
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2,866
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$
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2,004
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Add: preferred stock dividends
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—
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—
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—
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—
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Net income applicable for diluted earnings per share
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$
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1,881
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$
|
473
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$
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2,866
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$
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2,004
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Weighted average common shares outstanding
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1,752,908
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1,925,972
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1,779,706
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1,935,610
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Add: Options
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—
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2,255
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—
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6,916
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Add: Series B Preferred Stock
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1,071,220
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1,071,220
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1,071,220
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1,071,220
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Add: Series B Preferred Stock Warrants
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590,147
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590,147
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590,147
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590,147
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Add: Series E Preferred Stock
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47,840
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77,840
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47,840
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77,840
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Assumed weighted average common shares outstanding
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3,462,115
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3,667,434
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3,488,913
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3,681,733
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Diluted earnings per share
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$
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0.54
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$
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0.13
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$
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0.82
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$
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0.53
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