Earnings/ (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings/ (Loss) Per Share [Abstract]

Calculation of Basic and Diluted Earnings/(Loss) per Share

The components of the calculation of basic and diluted earnings/(loss) per common share in each of the periods comprising the accompanying consolidated statements of comprehensive income/(loss) are as follows:

	Year ended December 31,			Year ended December 31,			Year ended December 31,
	2019			2020			2021
Net income/(loss) and comprehensive income/(loss)	$	1,088,149		$	(1,753,533	)	$	52,270,487
Less: Cumulative dividends on Series A Preferred Shares		(372,022	)		—			—
Plus: Gain on extinguishment of preferred shares pursuant to the Series A Preferred Stock Amendment Agreement, net of expenses		112,637			—			—
Less: Deemed dividend on Series A Preferred Shares		—			—			(11,772,157	)
Net income/(loss) and comprehensive income/(loss) available to common shareholders		828,764			(1,753,533	)		40,498,330
Weighted average number of common shares outstanding, basic		266,238			6,773,519			83,923,435
Earnings/(Loss) per common share, basic		3.11			(0.26	)		0.48
Plus: Dilutive effect of warrants		—			—			1,409,293
Weighted average number of common shares outstanding, diluted		266,238			6,773,519			85,332,728
Earnings/(Loss) per common share, diluted	$	3.11		$	(0.26	)	$	0.47