Computation of (Loss)/Earnings Per Share

6 Months Ended

Jun. 30, 2019

(Loss)/earnings per share:

Computation of (Loss)/Earnings Per Share

Basic and diluted earnings per share are calculated as follows:

	For the Six Months Ended June 30,					For the Three Months Ended June 30,
	2019			2018		2019			2018
Net (loss)/income	$	(1,385,800	)	$	236,200	$	(77,600	)	$	(81,100	)
Weighted average shares outstanding for the period		1,545,884			1,416,699		1,545,884			1,416,699
Basic (loss)/earnings per share	$	(0.90	)	$	0.17	$	(0.05	)	$	(0.06	)
Diluted (loss)/earnings per share	$	(0.90	)	$	0.17	$	(0.05	)	$	(0.06	)

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.