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

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Basic EPS
Numerator:
Basic net income (loss)	$	1,100,310	$	1,895,403	$	2,212,466	$	11,407,356
Denominator:
Common Shares		36,049,083		35,713,177		36,015,680		35,708,346
Unissued, directors' deferred compensation shares		267,659		269,939		290,913		253,224
Basic weighted average shares outstanding		36,316,742		35,983,116		36,306,593		35,961,570
Basic EPS	$	0.03	$	0.05	$	0.06	$	0.32
Diluted EPS
Numerator:
Basic net income (loss)	$	1,100,310	$	1,895,403	$	2,212,466	$	11,407,356
Diluted net income (loss)		1,100,310		1,895,403		2,212,466		11,407,356
Denominator:
Basic weighted average shares outstanding		36,316,742		35,983,116		36,306,593		35,961,570
Effects of dilutive securities:
Unvested restricted stock		666,927		673,156		425,050		708,924
Diluted weighted average shares outstanding		36,983,669		36,656,272		36,731,643		36,670,494
Diluted EPS	$	0.03	$	0.05	$	0.06	$	0.31