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Computation of Earnings Per Share
 9 Months Ended
Sep. 30, 2018
Computation of Earnings Per Share [Abstract]  
Computation of Earnings Per Share
6. Computation of Earnings Per Share

Basic and diluted earnings per share are calculated as follows:

  
For the Nine Months
Ended September 30,
  
For the Three Months
Ended September 30,
 
  
2018
  
2017
  
2018
  
2017
 
Net (loss)/income
 
$
(4,247,600
)
 
$
1,381,700
  
$
(4,483,700
)
 
$
384,500
 
Weighted average shares outstanding for the period
  
1,416,699
   
1,460,655
   
1,416,699
   
1,416,699
 
Basic (loss)/earnings per share
 
$
(3.00
)
 
$
0.95
  
$
(3.16
)
 
$
0.27
 
Diluted (loss)/earnings per share
 
$
(3.00
)
 
$
0.95
  
$
(3.16
)
 
$
0.27
 

Basic earnings per common share is computed using net income and the weighted average number of common shares outstanding during the period.  Diluted earnings per common share are computed using net income and the weighted average number of common shares outstanding, assuming dilution.  Weighted average common shares outstanding, assuming dilution, include potentially dilutive common shares outstanding during the period.