Computation of Loss Per Share

9 Months Ended

Sep. 30, 2020

Loss Per Share:

Computation of Loss Per Share

Basic and diluted loss per share are calculated as follows:

	For the Nine Months Ended September 30,						For the Three Months Ended September 30,
	2020			2019			2020			2019
Net loss	$	(27,777,200	)	$	(9,617,100	)	$	(4,081,100	)	$	(8,231,400	)
Weighted average shares outstanding for the period		1,545,884			1,545,884			1,545,884			1,545,884
Basic loss per share	$	(17.97	)	$	(6.22	)	$	(2.64	)	$	(5.32	)
Diluted loss per share	$	(17.97	)	$	(6.22	)	$	(2.64	)	$	(5.32	)

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 the three months or nine months ended September 30, 2020 or 2019.