Computation of Loss Per Share

12 Months Ended

Dec. 31, 2019

Loss per share:

Computation of Loss Per Share

Basic and diluted earnings per share are calculated as follows:

	For the Years Ended December 31,
	2019			2018
Net loss	$	(16,658,500	)	$	(8,081,200	)
Weighted average shares outstanding for the period		1,545,884			1,449,261
Basic loss per share	$	(10.78	)	$	(5.58	)
Diluted loss per share	$	(10.78	)	$	(5.58	)

Basic loss 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. There were no anti-dilutive shares outstanding during 2019 or 2018.