Earnings Per Common Share (EPS)

9 Months Ended

Sep. 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					NINE MONTHS ENDED
	SEPTEMBER 30,					SEPTEMBER 30,
	2022			2021		2022			2021
	(Unaudited)
Basic Earnings Per Share Computation:
Net (loss) income	$	(540,883	)	$	534,884	$	(14,692,989	)	$	915,577
Weighted average number of common shares		8,725,476			9,129,406		8,734,471			9,066,088
Basic Earnings Per Share	$	(0.06	)	$	0.06	$	(1.68	)	$	0.10
Diluted Earnings Per Share Computation:
Net (loss) income	$	(540,883	)	$	534,884	$	(14,692,989	)	$	915,577
Weighted average number of common shares		8,725,476			9,129,406		8,734,471			9,066,088
Incremental shares from assumed conversions of dilutive securities		-			28,990		-			116,102
Adjusted weighted average number of common shares		8,725,476			9,158,396		8,734,471			9,182,190
Diluted Earnings Per Share	$	(0.06	)	$	0.06	$	(1.68	)	$	0.10