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Computation of Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2018
Computation of Earnings Per Share [Abstract]  
Basic and Diluted 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