Three months ended

September 30,

Nine months ended

September 30,

2019

2018

2019

2018

Numerator for basic and diluted earnings per shares

Net Income (loss)

$

(1,319

)

$

6,152

$

13,672

$

12,901

Denominator

Denominator for basic earnings per ordinary share - weighted average shares outstanding

45,519,472

40,294,762

43,793,163

39,301,161

Effect of dilutive securities and stock dividend

-

593,235

Denominator for diluted earnings per ordinary share - weighted average shares outstanding

45,519,472

40,887,997

44,386,398

39,894,396

Basic earnings (loss) per ordinary share

$

(0.03

)

$

0.15

$

0.31

$

0.33

Diluted earnings (loss) per ordinary share

$

(0.03

)

$

0.15

$

0.31

$

0.32