Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

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 income		1,655,400
Cumulative effect of accounting change at January 1, 2018		96,100
Accumulated deficit – December 31, 2018	$	(11,059,500	)

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:

	2019		2018
Basic shares outstanding		59,443,207		58,616,716
Incremental shares from assumed conversion of warrants		393,363		363,704
Diluted shares outstanding		59,836,570		58,980,420