Earnings Per Common Share (EPS)

6 Months Ended

Jun. 30, 2022

Earnings Per Common Share (EPS)

Earnings Per Common Share (EPS)

15. Earnings Per Common Share (EPS)

The computations of basic and diluted earnings per share were as follows for the periods presented below:

	THREE MONTHS ENDED						SIX MONTHS ENDED
	JUNE 30,						JUNE 30,
	2022			2021			2022			2021
	(Unaudited)
Basic Earnings Per Share Computation:
Net (loss) income	$	(13,759,209	)	$	(204,731	)	$	(14,152,106	)	$	380,693
Weighted average number of common shares		8,696,111			9,072,281			8,739,043			9,033,905
Basic Earnings Per Share	$	(1.58	)	$	(0.02	)	$	(1.62	)	$	0.04
Diluted Earnings Per Share Computation:
Net (loss) income	$	(13,759,209	)	$	(204,731	)	$	(14,152,106	)	$	380,693
Weighted average number of common shares		8,696,111			9,072,281			8,739,043			9,033,905
Incremental shares from assumed conversions of dilutive securities		-			-			-			157,627
Adjusted weighted average number of common shares		8,696,111			9,072,281			8,739,043			9,191,532
Diluted Earnings Per Share	$	(1.58	)	$	(0.02	)	$	(1.62	)	$	0.04