EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2019

EARNINGS PER SHARE [Abstract]

Computation of Basic and Diluted EPS

The following table sets forth the computation of basic and diluted EPS for the three and nine months ended September 30, 2019 and 2018:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2019 (1)			2018 Restated		2019 (1)			2018 Restated
Numerator:
Net income (loss)	$	(1,718,452	)	$	608,701	$	(1,074,308	)	$	3,283,100
Denominator:
Basic weighted-average common shares ouststanding		8,932,246			9,154,215		8,957,578			9,199,173
Dilutive effect of service-based restricted stock awards granted to Board of Directors under the Plan		-			294		-			11
Dilutive effect of service-based restricted stock awards granted to employees under the Plan		-			5,513		-			2,393
Diluted weighted-average common shares outstanding		8,932,246			9,160,022		8,957,578			9,201,577

(1) For the three and nine-months ended September 30, 2019, there were 2,704 and 5,200 shares, respectively, excluded from the diluted EPS calculation because the impact of their assumed vesting would be anti-dilutive due to a net loss in those periods.