Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.22.4
Earnings Per Share (Tables)
3 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Earnings Per Share

The following table presents the computation of basic and diluted net earnings per share (in 000's):

 

 

 

Three Months Ended December 31,

 

 

 

2022

 

 

2021

 

Basic

 

 

 

 

 

 

Net income

 

$

1,844

 

 

$

6,546

 

Less: preferred stock dividends

 

 

 

 

 

 

Net income applicable to common stock

 

$

1,844

 

 

$

6,546

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

3,059,035

 

 

 

1,582,334

 

Basic earnings per share

 

$

0.60

 

 

$

4.14

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

Net income applicable to common stock

 

$

1,844

 

 

$

6,546

 

Add: preferred stock dividends

 

 

 

 

 

 

Net income applicable for diluted earnings per share

 

$

1,844

 

 

$

6,546

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

3,059,035

 

 

 

1,582,334

 

Add: Options

 

 

30,467

 

 

 

40,534

 

Add: Series B Preferred Stock

 

 

 

 

 

1,578,950

 

Add: Series B Preferred Stock Warrants

 

 

 

 

 

 

Add: Series E Preferred Stock

 

 

239

 

 

 

239

 

Assumed weighted average common shares outstanding

 

 

3,089,741

 

 

 

3,202,057

 

Diluted earnings per share

 

$

0.60

 

 

$

2.04