The following table presents the basic and diluted earnings (loss) per common share computation (in thousands, except per share data): | | | Three Months Ended March 31, | | | | | 2016 | | 2015 | | | Numerator | | | | | | | | | Net income (loss) - basic and diluted | | $ | 402 | | $ | (5) | | | Preferred stock dividend and accretion | | | (178) | | | (163) | | | Preferred stock principal forgiveness | | | - | | | 4,404 | | | Preferred stock dividend forgiveness | | | - | | | 2,215 | | | Net income available to common shareholders | | $ | 224 | | $ | 6,451 | | | | | | | | | | | | Denominator | | | | | | | | | Weighted average shares outstanding - basic | | | 1,418 | | | 409 | | | Dilutive effect of common stock options and restricted stock awards | | | - | | | 10 | | | | | | | | | | | | Weighted average shares outstanding - diluted | | | 1,418 | | | 419 | | | | | | | | | | | | Earnings per share - basic | | $ | 0.16 | | $ | 15.77 | | | Earnings per share - diluted | | $ | 0.16 | | $ | 15.40 | |
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