Earnings Per Share

12 Months Ended

Dec. 31, 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 at March 27, 2019.  The weighted average number of common shares outstanding was 3,615,500 for the year ended December 31, 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:

	Year Ended December 31,
	2019			2018
Basic earnings per common share:
Numerator:
Net loss	$	(238,951	)	N/A
Denominator:
Weighted average shares outstanding		3,615,500		N/A
Basic earnings per common share	$	(0.07	)	N/A