Basic And Diluted Earnings (Loss) Per Common Share ("EPS") (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Summary of Reconciliation of Components of Basic and Diluted EPS

The following table presents a reconciliation of the components of basic and diluted EPS.

	Three Months Ended March 31,
	2023		2022
Basic EPS
Numerator:
Basic net income (loss)	$	9,553,244	$	(4,020,455	)
Denominator:
Common Shares		35,698,363		34,056,316
Unissued, directors' deferred compensation shares		237,428		236,139
Basic weighted average shares outstanding		35,935,791		34,292,455
Basic EPS	$	0.27	$	(0.12	)
Diluted EPS
Numerator:
Basic net income (loss)	$	9,553,244	$	(4,020,455	)
Diluted net income (loss)		9,553,244		(4,020,455	)
Denominator:
Basic weighted average shares outstanding		35,935,791		34,292,455
Effects of dilutive securities:
Unvested restricted stock		-		-
Diluted weighted average shares outstanding		35,935,791		34,292,455
Diluted EPS	$	0.27	$	(0.12	)