Income (Loss) Per Common Share

6 Months Ended

Jun. 30, 2021

Income (Loss) Per Common Share

Income (Loss) Per Common Share

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 and six months ended June 30, 2021 and June 30, 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:


		For the Three Months Ended						For the Six Months Ended
		June 30,						June 30,
		2021			2020			2021			2020
Numerator:
Net loss attributable to common shareholders		$	(700,099)		$	(799,877)		$	(1,722,145)		$	(1,865,764)

Denominator:
Weighted average Class A common shares outstanding			3,570,826			1,906,570			3,369,293			1,854,503
Weighted average Class B common shares outstanding			81,198			81,198			81,198			81,198
Weighted average Class A and Class B common shares outstanding - Basic			3,652,024			1,987,768			3,450,491			1,935,701
Dilutive effect of potential common shares			—			—			—			—
Weighted average Class A and Class B common shares outstanding - Diluted			3,652,024			1,987,768			3,450,491			1,935,701

Net loss per share attributable to Class A and Class B Common shareholders - Basic		$	(0.19)		$	(0.40)		$	(0.50)		$	(0.96)
Net loss per share attributable to Class A and Class B Common shareholders - Diluted		$	(0.19)		$	(0.40)		$	(0.50)		$	(0.96)

The following potentially dilutive securities outstanding for the periods ended June 30, 2021 and June 30, 2020 have been excluded from the computation of diluted weighted average shares outstanding, as they would be antidilutive.


		June 30, 2021		June 30, 2020
Unvested Restricted Stock Units		206,894		111,673
Warrants		—		2,250,000
		206,894		2,361,673