Note 12 – Income (Loss) Per Common Share

The Company calculates basic income (loss) per share by dividing net income (loss) applicable to common stockholders by the weighted average number of shares of common stock outstanding during each period. Diluted earnings (loss) per share includes the effect, if any, from the potential exercise or conversion of securities, such as warrants, stock options and restricted stock units, that would result in the issuance of incremental shares of common stock. For the three months ended March 31, 2021 and March 31, 2020 , the earnings per share amounts are the same for Class A Common and Class B Common stock because the holders of each class are legally entitled to equal per share distributions whether through dividends or in liquidation.

The calculations of basic and diluted income (loss) per common share are as follows:


	Three Months Ended
	March 31, 2021		March 31, 2020
Numerator:
Net loss attributable to common shareholders	$	(1,022,046)	$	(1,065,887)

Denominator:
Weighted average Class A common shares outstanding		3,165,521		1,802,436
Weighted average Class B common shares outstanding		81,198		81,198
Weighted average Class A and Class B common shares outstanding- Basic		3,246,719		1,883,634
Dilutive effect of potential common shares		—		—
Weighted average Class A and Class B common shares outstanding- Diluted		3,246,719		1,883,634

Net loss per share attributable to Class A and Class B Common shareholders- Basic	$	(0.31)	$	(0.57)
Net loss per shares attributable to Class A and Class B Common shareholders- Diluted	$	(0.31)	$	(0.57)

The following potentially dilutive securities outstanding for the Successor periods ended March 31, 2021 and December 31, 2020 have been excluded from the computation of diluted weighted average shares outstanding, as they would be antidilutive.


	March 31, 2021	December 31, 2020
Unvested Restricted Stock Units	231,326	105,008
Warrants	—	2,250,000
	231,326	2,355,008