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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Change in Accumulated Deficit Balance


The change in accumulated deficit on our Balance Sheet at December 31, 2018, including the aggregate impact of the change in accounting principles which was effective on January 1, 2018, was as follows:


Accumulated deficit – January 1, 2018

 

$

(12,811,000

)

Net earnings

 

 

1,655,400

 

Cumulative effect of accounting change at January 1, 2018

 

 

96,100

 

Accumulated deficit – December 31, 2018

 

$

(11,059,500

)

Schedule of Computation of Basic and Diluted Weighted Average Common Shares Outstanding


The table below presents the computation of basic and diluted weighted average common shares outstanding:

 

 

 

2018

 

 

2017

 

Basic shares outstanding

 

 

58,616,716

 

 

 

58,603,441

 

Incremental shares from assumed conversion of warrants

 

 

363,704

 

 

 

291,732

 

Diluted shares outstanding

 

 

58,980,420

 

 

 

58,895,173