Three months ended June 30,

Six months ended June 30,

2019

2018

2019

2018

Numerator for basic and diluted earnings per shares

Net Income (loss)

$

7,660

$

(3,870

)

$

14,991

$

6,749

Denominator

Denominator for basic earnings per ordinary share - weighted average shares outstanding

44,840,263

38,200,792

42,254,672

38,135,096

Effect of dilutive securities and stock dividend

763,676

-

763,676

Denominator for diluted earnings per ordinary share - weighted average shares outstanding

45,603,939

38,200,792

43,018,348

38,898,772

Basic earnings (loss) per ordinary share

$

0.17

$

(0.10

)

$

0.35

$

0.18

Diluted earnings (loss) per ordinary share

$

0.17

$

(0.10

)

$

0.35

$

0.17