Three months ended September 30,

Nine months ended September 30,

2022

2021

2022

2021

Numerator

Net income (loss)

$

(949,821

)

$

456,191

$

(791,362

)

$

1,656,427

Accrued preferred stock dividends

(466,612

)

(361,071

)

(1,399,837

)

(1,083,213

)

Net income (loss) applicable to common shares

$

(1,416,433

)

$

95,120

$

(2,191,199

)

$

573,214

Denominator

Weighted-average common shares outstanding basic and diluted

4,964,529

Earnings (loss) per common share after preferred dividends, basic and diluted

$

(0.29

)

$

0.02

$

(0.44

)

$

0.12