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Earnings Per Common Share (EPS)
12 Months Ended
Dec. 31, 2022
Earnings Per Common Share (EPS)  
Earnings Per Common Share (EPS)

17. Earnings Per Common Share (EPS)

 

The computations of basic and diluted EPS for the years ended were as follows:

 

 

 

YEARS ENDED

 

 

 

DECEMBER 31,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Basic Earnings Per Share Computation:

 

 

 

 

 

 

Net (loss) income

 

$(23,585,291)

 

$341,096

 

Weighted average number of common shares

 

 

8,732,203

 

 

 

9,069,903

 

Basic (Loss) Earnings Per Share

 

$(2.70)

 

$0.04

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Share Computation:

 

 

 

 

 

 

 

 

Net (loss) income

 

$(23,585,291)

 

$341,096

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares

 

 

8,732,203

 

 

 

9,069,903

 

 

 

 

 

 

 

 

 

 

Incremental shares from assumed conversions of dilutive securities

 

 

-

 

 

 

90,292

 

 

 

 

 

 

 

 

 

 

Adjusted weighted average number of common shares

 

 

8,732,203

 

 

 

9,160,195

 

 

 

 

 

 

 

 

 

 

Diluted (Loss) Earnings Per Share

 

$(2.70)

 

$0.04