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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Schedule of Reconciliation of the Numerators and Denominators we used in the Basic and Diluted Per Share

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

March 31,

 

 

 

2020

 

 

2019

 

Basic earnings per common share:

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(1,122,703

)

 

$

91,789

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

3,615,500

 

 

 

3,615,500

 

Basic earnings per common share

 

$

(0.31

)

 

$

0.03

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(1,122,703

)

 

$

91,789

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

3,615,500

 

 

 

3,615,500

 

Add:  vested stock options

 

 

15,495

 

 

 

 

Number of shares used in diluted computation

 

 

3,630,995

 

 

 

3,615,500

 

Diluted earnings per common share

 

$

(0.31

)

 

$

0.03