Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2019

Reconciliation of Basic and Diluted Earnings per Common Share


	Three months ended March 31,
	2019		2018
Numerator: Basic
Net earnings (loss) attributable to common shareholders	$	(129)	$	642
Less: Allocation to participating securities		(17)		(19)
Net earnings (loss) attributable to common shareholders, net of amount allocated to participating securities	$	(146)	$	623

Numerator: Diluted
Net earnings (loss) attributable to common shareholders, net of amount allocated to participating securities	$	(146)	$	623

Denominator
Weighted average number of common shares - Basic		11,817,677		11,745,665
Unvested stock		-		17,141
Weighted average number of common shares - Diluted		11,817,677		11,762,806

Earnings per Share
Basic Earnings (Loss) per Share	$	(0.01)	$	0.05
Diluted Earnings (Loss) per Share	$	(0.01)	$	0.05

Schedule of Potentially Dilutive Securities Excluded from Computation of Earnings per Share


	Three months ended March 31,
	2019	2018
Unvested restricted stock	82,168	99,663
Warrants - Employees (2)	-	44,837
Series E Preferred Stock	668,111	668,111
Convertible debt	97,269	97,269
Operating partnership common units (1)	61,767	89,614
Total potentially dilutive securities excluded from the denominator	909,315	999,494

(1)

Common units of the operating partnership have been omitted from the denominator for the purpose of computing diluted EPS since the effect of including these amounts in the numerator and denominator would have no impact on calculated EPS.

(2)

Amounts above are weighted average amounts outstanding for the periods presented. These instruments were no longer outstanding at March 31, 2019.