Earnings Per Share

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Share

13. Earnings Per Share

As discussed in Note 1, the conversions of PPIX, PCA, and PIPE to stock insurance companies and the simultaneous acquisition of these companies resulted in the issuance of the Company’s common stock as of March 27, 2019.  The weighted average number of common shares outstanding was 3,615,500 for the three months and six months ended June 30, 2019.  For the period prior to the date of the conversions, we assumed that the net common shares issued in the initial public offering were outstanding since January 1, 2019.

The following table presents a reconciliation of the numerators and denominators we used in the basic and diluted per share computations for our common stock:

	Three Months Ended June 30,					Six Months Ended June 30,
	2019			2018		2019			2018
Basic earnings per common share:
Numerator:
Net loss	$	(560,947	)	$	—	$	(469,158	)	$	—
Denominator:
Weighted average shares outstanding		3,615,500			—		3,615,500			—
Basic earnings per common share	$	(0.16	)	$	—	$	(0.13	)	$	—