Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.7.0.1
Earnings Per Share
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share

8. EARNINGS PER SHARE

Basic earnings per share is computed using the weighted average number of shares outstanding. Diluted earnings per share is computed using the weighted average number of shares outstanding adjusted for the incremental shares attributed to potentially diluted securities. The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Period

 

 

 

 

 

 

 

 

 

 

 

Six Months

 

 

January 19, 2016

 

 

 

Three Months Ended June 30,

 

 

Ended

 

 

through

 

 

 

2017

 

 

2016

 

 

June 30, 2017

 

 

June 30, 2016

 

Net income (loss)

 

$

18,089

 

 

$

(12,306

)

 

$

3,822

 

 

$

36,815

 

Basic and diluted weighted average common shares

   outstanding

 

 

7,619,469

 

 

 

7,416,766

 

 

 

7,619,469

 

 

 

7,416,766

 

Basic and diluted per share net income (loss)

 

$

0.00

 

 

$

(0.00

)

 

$

0.00

 

 

$

0.00

 

 

Common stock dividends, including amounts paid to the Company’s restricted common stockholder, totaled $495,266 ($0.065 per share) and $482,090 ($0.065 per share) for the three months ended June 30, 2017 and 2016, respectively, and $990,531 ($0.13 per share) and $964,180 ($0.13 per share) for the six months ended June 30, 2017 and 2016, respectively.