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Earnings Per Share ("EPS") (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Summary of Computation of Earnings (Loss) Per Share

The following table sets forth the computation of earnings (loss) per share.

 

Year Ended

 

 

Three Months Ended

 

 

Year Ended

 

 

December 31, 2023

 

 

December 31, 2022

 

 

September 30, 2022

 

Basic EPS

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Basic net income (loss)

$

13,920,800

 

 

$

3,346,133

 

 

$

20,409,272

 

Denominator:

 

 

 

 

 

 

 

 

Common Shares

 

35,718,989

 

 

 

35,438,388

 

 

 

34,184,212

 

Unissued, directors' deferred compensation shares

 

261,320

 

 

 

241,352

 

 

 

219,286

 

Basic weighted average shares outstanding

 

35,980,309

 

 

 

35,679,740

 

 

 

34,403,498

 

Basic EPS

$

0.39

 

 

$

0.09

 

 

$

0.59

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Basic net income (loss)

$

13,920,800

 

 

$

3,346,133

 

 

$

20,409,272

 

Diluted net income (loss)

 

13,920,800

 

 

 

3,346,133

 

 

 

20,409,272

 

Denominator:

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

35,980,309

 

 

 

35,679,740

 

 

 

34,403,498

 

Effects of dilutive securities:

 

 

 

 

 

 

 

 

Unvested restricted stock

 

-

 

 

 

809,613

 

 

 

156,812

 

Diluted weighted average shares outstanding

 

35,980,309

 

 

 

36,489,353

 

 

 

34,560,310

 

Diluted EPS

$

0.39

 

 

$

0.09

 

 

$

0.59