EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2019

EARNINGS PER SHARE [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted EPS for the three and six months ended June 30, 2019 and 2018:

	Three Months Ended June 30,					Six Months Ended June 30,
	2019 (1)			2018 Restated		2019		2018 Restated
Numerator:
Net income (loss)	$	(875,667	)	$	1,157,743	$	644,144	$	2,674,399
Denominator:
Basic weighted-average common shares ouststanding		8,933,648			9,180,076		8,971,490		9,222,028
Dilutive effect of service-based restricted stock awards granted to Board of Directors under the Plan		-			18		3,510		-
Dilutive effect of service-based restricted stock awards granted to employees under the Plan		-			2,433		-		1,058
Diluted weighted-average common shares outstanding		8,933,648			9,182,527		8,975,000		9,223,086

(1) For the three months ended June 30, 2019, there were 2,290 shares excluded from the diluted EPS calculation because the impact of their assumed vesting would be anti-dilutive due to a net loss in those periods.