Earnings Per Share

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Earnings Per Share

NOTE 19 – LOSS PER SHARE

A reconciliation of the numerator and denominator used in the basic and diluted loss per share calculation is presented as follows:

	Year ended December 31
	2018			2017
Basic Loss Per Share
Net loss numerator	$	(3,169,559	)	$	(8,724,984	)
Weighted average shares outstanding denominator		5,307,121			5,307,133
Per share amount	$	(0.60	)	$	(1.64	)
Diluted Loss Per Share
Net loss numerator	$	(3,169,559	)	$	(8,724,984	)
Weighted average shares outstanding		5,307,121			5,307,133
Effect of diluted securities		—			—
Diluted shares outstanding denominator		5,307,121			5,307,133
Per share amount	$	(0.60	)	$	(1.64	)

As of December 31, 2018 and 2017, the Company had 0 common share equivalents that were excluded in the diluted loss per share calculation for years ended December 31, 2018 and 2017.