XML 34 R17.htm IDEA: XBRL DOCUMENT v3.19.3
Earnings Per Share
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share
NOTE 11:
Earnings Per Share

The Company calculates earnings per share in accordance with FASB ASC 260, Earnings Per Share, which requires a dual presentation of basic and diluted earnings per share. Basic earnings per share are computed using the weighted average number of shares outstanding during the fiscal year. Potentially dilutive common shares consist of stock options outstanding (using the treasury method).

The following table sets forth the computation of basic and diluted net income per common share:


 
Three-months Period
Ended September 30,
  
Nine-months Period
Ended September 30,
 
Periods Ended
 
2019
  
2018
  
2019
  
2018
 
             
Net income (loss) before non-controlling interest
 
$
213,333
  
$
199,785
  
$
(1,112,025
)
 
$
(1,718,080
)
Non-controlling interest
  
(90
)
  
33

  
574
   
586

Net income (loss)
  
213,243
   
199,818
   
(1,111,451
)
  
(1,717,494
)
                 
Weighted-average shares of common stock outstanding:
                
Basic
  
35,030,339
   
31,784,293
   
35,030,339
   
31,784,293
 
Dilutive shares
  
35,030,339
   
31,784,293
   
35,030,339
   
31,784,293
 
                 
Earnings per share - Basic
                
Net income (loss) before non-controlling interest
 
$
0.01
  
$
0.01
  
$
(0.03
)
 
$
(0.05
)
Non-controlling interest
 
$
(0.00
)
 
$
(0.00
)
 
$
0.00
  
$
(0.00
)
Earnings per share to stockholders
 
$
0.01
  
$
0.01
  
$
(0.03
)
 
$
(0.05
)
                 
Earnings per share - Diluted
                
Net income (loss) before non-controlling interest
 
$
0.01
  
$
0.01
  
$
(0.03
)
 
$
(0.05
)
Non-controlling interest
 
$
(0.00
)
 
$
(0.00
)
 
$
0.00
  
$
(0.00
)
Earnings per share to stockholders
 
$
0.01
  
$
0.01
  
$
(0.03
)
 
$
(0.05
)

No non-vested share awards or non-vested share unit awards were antidilutive for the six months ended September 30, 2019 and 2018.