Earnings Per Share

12 Months Ended

Dec. 31, 2017

9. 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:

				For the Period
				January 19, 2016
	For the Year Ended			through
	December 31, 2017			December 31, 2016
Net income (loss)	$	(146,290	)	$	384,135
Basic and diluted weighted average common shares outstanding		7,619,469			7,417,320
Basic and diluted per share net income (loss)	$	(0.02	)	$	0.05

Common stock dividends paid in cash totaled $1,981,062 ($0.26 per share) and $1,928,359 ($0.26 per share) for the years ended December 31, 2017 and 2016, respectively.