Computation of (Loss)/Earnings Per Share

9 Months Ended

Sep. 30, 2019

(Loss)/earnings per share:

Computation of (Loss)/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,
	2019			2018			2019			2018
Net loss	$	(9,617,100	)	$	(4,247,600	)	$	(8,231,400	)	$	(4,483,700	)
Weighted average shares outstanding for the period		1,545,884			1,416,699			1,545,884			1,416,699
Basic loss per share	$	(6.22	)	$	(3.00	)	$	(5.32	)	$	(3.16	)
Diluted loss per share	$	(6.22	)	$	(3.00	)	$	(5.32	)	$	(3.16	)

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