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Basic And Diluted Earnings (Loss) Per Common Share ("EPS") (Tables)
 3 Months Ended
Mar. 31, 2024
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,

 

 

2024

 

 

2023

 

Basic EPS

 

 

 

 

 

Numerator:

 

 

 

 

 

Basic net income (loss)

$

(183,615

)

 

$

9,553,244

 

Denominator:

 

 

 

 

 

Common Shares

 

35,998,651

 

 

 

35,698,363

 

Unissued, directors' deferred compensation shares

 

304,741

 

 

 

237,428

 

Basic weighted average shares outstanding

 

36,303,392

 

 

 

35,935,791

 

Basic EPS

$

(0.01

)

 

$

0.27

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

Numerator:

 

 

 

 

 

Basic net income (loss)

$

(183,615

)

 

$

9,553,244

 

Diluted net income (loss)

 

(183,615

)

 

 

9,553,244

 

Denominator:

 

 

 

 

 

Basic weighted average shares outstanding

 

36,303,392

 

 

 

35,935,791

 

Effects of dilutive securities:

 

 

 

 

 

Unvested restricted stock

 

-

 

 

 

-

 

Diluted weighted average shares outstanding

 

36,303,392

 

 

 

35,935,791

 

Diluted EPS

$

(0.01

)

 

$

0.27