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Earnings Per Share
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share

Note 7 – Earnings (Loss) Per Share

A reconciliation of shares used in calculating basic and diluted per share data is as follows:

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

    

2019

    

2018

Net loss available to common stockholders

 

$

(34,976,816)

 

$

(1,957,882)

Basic weighted-average shares outstanding

 

 

11,987,292

 

 

11,944,528

Effect of dilutive securities:

 

 

  

 

 

  

Assumed issuance of shares from exercise of stock options*

 

 

 —

 

 

 —

Assumed issuance of shares from exercise of warrants*

 

 

 —

 

 

 —

 

 

 

 

 

 

 

Diluted weighted-average shares outstanding*

 

 

11,987,292

 

 

11,944,528

 

 

 

 

 

 

 

Loss per share:

 

 

  

 

 

  

Basic and diluted

 

$

(2.92)

 

$

(0.16)

*  For the year ended December 31, 2019 and 2018 common stock equivalents totaling 261,328 and 239,702, respectively, were excluded from the calculation of diluted loss per share because their effect is anti-dilutive.