Earnings Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Note 10. 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.⁽¹⁾

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2020			2019			2020			2019
Numerator for earnings per share – basic and diluted:
Net loss attributable to common stockholders	$	(150,550	)	$	(391,796	)	$	(828,305	)	$	(391,796	)
Less: Income attributable to participating securities		(89,316	)		(16,715	)		(160,851	)		(16,715	)
Numerator for earnings per share — basic and diluted	$	(239,866	)	$	(408,511	)	$	(989,156	)	$	(408,511	)
Denominator for earnings per share – basic and diluted		5,205,153			5,164,264			5,189,900			5,164,264
Basic and diluted earnings per share	$	(0.05	)	$	(0.08	)	$	(0.19	)	$	(0.08	)

Explanatory Note:

(1) The combined statements of operations prior to May 17, 2019 represents the activity of the Predecessor and EPS was not applicable.