Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of reconciliation of basic and diluted earnings per share

The following is a reconciliation of the numerator and denominator for basic and diluted earnings per share for the three months ended March 31, 2021 and 2020:


	2021		2020
Basic loss per Share
Numerator:
Net income (loss) available to common shareholders	$	635,032	$	(9,453,991)
Denominator:
Weighted-average common shares outstanding	47,709,450		45,372,358
Basic loss per share	$	0.01	$	(0.21)

Diluted Earnings per Share
Numerator:
Net income (loss) available to common shareholders	$	635,032	$	(9,453,991)
Denominator:
Weighted-average shares outstanding	47,709,450		45,372,358
Effect of dilutive securities
Stock options and warrants	876,886		—
Preferred stock	419,859		—
Diluted weighted-average shares outstanding	49,006,195		45,372,358
Diluted loss per share	$	0.01	$	(0.21)