Computation of Basic and Diluted Net Earnings Per Share |
The following table presents the computation of basic and diluted net earnings per share:
|
|
Three Months Ended December 31,
|
|
|
|
2020
|
|
|
2019
|
|
Basic
|
|
|
|
|
|
|
|
|
Net income
|
|
$
|
5,413
|
|
|
$
|
547
|
|
|
|
|
—
|
|
|
|
—
|
|
Net income applicable to common stock
|
|
$
|
5,413
|
|
|
$
|
547
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding
|
|
|
1,568,213
|
|
|
|
1,806,746
|
|
Basic income per share
|
|
$
|
3.45
|
|
|
$
|
0.30
|
|
|
|
|
|
|
|
|
|
|
Diluted
|
|
|
|
|
|
|
|
|
Net income applicable to common stock
|
|
$
|
5,413
|
|
|
$
|
547
|
|
Add: preferred stock dividends
|
|
|
—
|
|
|
|
—
|
|
Net income applicable for diluted earnings per share
|
|
$
|
5,413
|
|
|
$
|
547
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding
|
|
|
1,568,213
|
|
|
|
1,806,746
|
|
Add: Options
|
|
|
41,668
|
|
|
|
25,000
|
|
Add: Series B Preferred Stock
|
|
|
1,071,220
|
|
|
|
1,071,220
|
|
Add: Series B Preferred Stock Warrants
|
|
|
590,147
|
|
|
|
590,147
|
|
Add: Series E Preferred Stock
|
|
|
47,480
|
|
|
|
47,840
|
|
Assumed weighted average common shares outstanding
|
|
|
3,318,728
|
|
|
|
3,540,953
|
|
Diluted income per share
|
|
$
|
1.63
|
|
|
$
|
0.15
|
|
|