Earnings Per Share

9 Months Ended

Sep. 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 and nine months ended September 30, 2019.  For the period prior to the date of the conversions, the net common shares issued in the initial public offering were assumed to be outstanding since January 1, 2019.

The following table presents a reconciliation of the numerators and denominators that were used in the basic and diluted per share computations for the Company’s common stock:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019			2018	2019			2018
Basic earnings per common share:
Numerator:
Net loss	$	(5,038	)	N/A	$	(474,196	)	N/A
Denominator:
Weighted average shares outstanding		3,615,500		N/A		3,615,500		N/A
Basic earnings per common share	$	(0.00	)	N/A	$	(0.13	)	N/A