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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Below is a summary of the earnings per share computations:
 
Three Months Ended September 30,
 
2018
 
 
2017
 
 
 
 
 
 
 
 
Earnings per share – basic
 
$
0.28
 
 
$
0.22
 
Earnings per share – diluted
 
$
0.24
 
 
$
0.20
 
Weighted average shares of common stock outstanding – basic
 
 
32,917,007
 
 
 
25,067,954
 
Weighted average shares of common stock outstanding – diluted
 
 
38,387,700
 
 
 
28,417,877
 
 
Nine Months Ended September 30,
 
2018
 
 
2017
 
 
 
 
 
 
 
 
Earnings per share – basic
 
$
0.43
 
 
$
0.48
 
Earnings per share – diluted
 
$
0.37
 
 
$
0.42
 
Weighted average shares of common stock outstanding – basic
 
 
32,672,793
 
 
 
25,067,954
 
Weighted average shares of common stock outstanding – diluted
 
 
38,010,838
 
 
 
28,417,877
 
Schedule of Weighted Average Number of Shares
Below is a summary of the shares included in the diluted earnings per share computations:
 
Three Months Ended September 30,
 
2018
 
 
2017
 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding – basic
 
 
32,917,007
 
 
 
25,067,954
 
10% shares held back pursuant to indemnification clause
 
 
3,039,609
 
 
 
2,785,328
 
Stock options
 
 
648,724
 
 
 
564,595
 
Warrants
 
 
1,782,360
 
 
 
-
 
Weighted average shares of common stock outstanding – diluted
 
 
38,387,700
 
 
 
28,417,877
 
 
Nine Months Ended September 30,
 
2018
 
 
2017
 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding – basic
 
 
32,672,793
 
 
 
25,067,954
 
10% shares held back pursuant to indemnification clause
 
 
3,039,609
 
 
 
2,785,328
 
Stock options
 
 
633,131
 
 
 
564,595
 
Warrants
 
 
1,665,305
 
 
 
-
 
Weighted average shares of common stock outstanding – diluted
 
 
38,010,838
 
 
 
28,417,877