Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.19.1
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended

 

 

For the Year Ended

 

 

 

December 31, 2018

 

 

December 31, 2017

 

Net income (loss)

 

$

619,448

 

 

$

(146,290

)

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

Average number of common shares outstanding - basic

 

 

7,622,287

 

 

 

7,619,469

 

Net effect of dilutive unvested restricted stock awards included for treasury stock method

 

 

1,835

 

 

 

Average number of common shares outstanding - diluted

 

 

7,624,122

 

 

 

7,619,469

 

Earnings per common share

 

 

 

 

 

 

 

 

Basic

 

$

0.08

 

 

$

(0.02

)

Diluted

 

$

0.08

 

 

$

(0.02

)