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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Net income (loss)

 

$

(356,424

)

 

$

187,823

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

Average number of common shares outstanding - basic

 

 

9,262,811

 

 

 

7,630,722

 

Net effect of dilutive unvested restricted stock awards included for treasury stock method

 

 

—

 

 

 

7,011

 

Average number of common shares outstanding - diluted

 

 

9,262,811

 

 

 

7,637,733

 

Earnings per common share

 

 

 

 

 

 

 

 

Basic

 

$

(0.04

)

 

$

0.02

 

Diluted

 

$

(0.04

)

 

$

0.02