Computation of (Loss)/Earnings Per Share

12 Months Ended

Dec. 31, 2018

Computation of (Loss)/Earnings Per Share [Abstract]

Computation of (Loss)/Earnings Per Share

12. Computation of (Loss)/Earnings Per Share

Basic and diluted earnings per share are calculated as follows:

	For the Years Ended December 31,
	2018			2017
Net (loss)/income	$	(8,081,200	)	$	7,399,200
Weighted average shares outstanding for the period used in computation of basic and diluted (loss)/earnings per share		1,449,261			1,449,576
Basic (loss)/earnings per share	$	(5.58	)	$	5.10
Diluted (loss)/earnings per share	$	(5.58	)	$	5.10

Basic (loss)/earnings per common share is computed using net (loss)/income and the weighted average number of common shares outstanding during the period.  Diluted (loss)/earnings per common share is computed using net (loss)/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.