Earnings Per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Note 11. Earnings Per Share

Earnings per share ("EPS") is calculated by dividing net income (loss) attributable to common stockholders by the weighted average number of shares outstanding for the period. The following table presents a reconciliation of income (loss) from operations used in the basic and diluted EPS calculations. For the period of May 17, 2019 through December 31, 2019, there is no dilutions to earnings per share because there is a net loss.⁽¹⁾

	For the Year Ended December 31, 2019
Numerator for earnings per share – basic and diluted:
Net loss attributable to common stockholders	$	(1,497,213	)
Less: Income attributable to participating securities		(54,223	)
Numerator for earnings per share — basic and diluted	$	(1,551,436	)
Denominator for earnings per share – basic and diluted		5,164,264
Basic and diluted earnings per share	$	(0.30	)

Explanatory Note:

(1) The combined statements of operations prior to May 16, 2019 represents the activity of the Predecessor and EPS was not applicable.