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Loss per Share and per Unit (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Computation of Basic Net Loss Per Share The computation of the Company’s basic net loss per share is presented below:

 

 

Year Ended

 

 

Year Ended

 

 

Year Ended

 

 

December 31, 2021

 

 

December 31, 2020

 

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common stockholders for basic computation

$

(33,401,889

)

 

$

(57,949,206

)

 

$

(5,911,251

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

16,021,811

 

 

 

14,866,197

 

 

 

14,233,513

 

Weighted average number of Unearned ESOP Shares

 

(490,128

)

 

 

(554,148

)

 

 

(590,940

)

Total weighted average number of common shares outstanding for basic computation

 

15,531,684

 

 

 

14,312,049

 

 

 

13,642,573

 

Basic net loss per share

$

(2.15

)

 

$

(4.05

)

 

$

(0.43

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Computation of Basic Loss Per Unit

The computation of basic loss per general and limited partnership unit in the Operating Partnership is presented below:

 

 

Year Ended

 

 

Year Ended

 

 

Year Ended

 

 

December 31, 2021

 

 

December 31, 2020

 

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to general and limited partnership unitholders for basic computation

$

(35,720,055

)

 

$

(62,438,547

)

 

$

(6,645,127

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of general and limited partnership units outstanding

 

17,186,789

 

 

 

16,065,499

 

 

 

16,011,653

 

Basic net loss per general and limited partnership unit

$

(2.08

)

 

$

(3.89

)

 

$

(0.42

)