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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 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 June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Net income (loss)

 

$

(22,144

)

 

$

136,845

 

 

$

(378,568

)

 

$

324,668

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average number of common shares outstanding - basic

 

 

9,269,567

 

 

 

7,640,991

 

 

 

9,266,189

 

 

 

7,635,885

 

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

 

 

—

 

 

 

9,305

 

 

 

—

 

 

 

7,095

 

Average number of common shares outstanding - diluted

 

 

9,269,567

 

 

 

7,650,296

 

 

 

9,266,189

 

 

 

7,642,980

 

Earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.00

)

 

$

0.02

 

 

$

(0.04

)

 

$

0.04

 

Diluted

 

$

(0.00

)

 

$

0.02

 

 

$

(0.04

)

 

$

0.04