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Earnings Per Share
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Earnings Per Share

Note 7 - Earnings Per Share

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

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

    

2020

    

2019

Net loss available to common stockholders

 

$

(11,427,380)

 

$

(3,376,737)

Basic weighted-average shares outstanding

 

 

12,004,598

 

 

11,970,743

Effect of dilutive securities:

 

 

  

 

 

  

Assumed issuance of shares from exercise of stock options(a)

 

 

 —

 

 

 —

Assumed issuance of shares from exercise of warrants(a)

 

 

 —

 

 

 —

 

 

 

 

 

 

 

Diluted weighted-average shares outstanding(a)

 

 

12,004,598

 

 

11,970,743

 

 

 

 

 

 

 

Loss per share:

 

 

  

 

 

  

Basic and diluted

 

$

(0.95)

 

$

(0.28)

 

(a)   For the three months ended March 31, 2020 and 2019, common stock equivalents totaling 101,894 and 109,926, respectively, were excluded from the calculation of diluted loss per share because their effect is anti-dilutive.