Earnings Per Share

3 Months Ended

Mar. 31, 2017

8. EARNINGS PER SHARE

Basic earnings per share is computed using the weighted average number of shares outstanding. Diluted earnings per share is computed using the weighted average number of shares outstanding adjusted for the incremental shares attributed to potentially diluted securities. The following table sets forth the computation of basic and diluted earnings per share:

	Three			For the Period
	Months			January 19, 2016
	Ended			through
	March 31, 2017			March 31, 2016
Net income (loss)	$	(14,266	)	$	49,121
Basic and diluted weighted average common shares outstanding		7,619,469			7,416,766
Basic and diluted per share net loss	$	(0.00	)	$	0.01

Common stock dividends, including amounts paid to the Company’s restricted common stockholder, totaled $495,266 ($0.065 per share) and $482,090 ($0.065 per share) for the three months ended March 31, 2017 and 2016, respectively.