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Note 10 - (Loss) Earnings Per Share
 9 Months Ended
Sep. 30, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]
10.
(Loss) / Earnings Per Share
 
Basic and diluted (loss)/earnings per common share is computed as follows:
 
    For the nine months
ended September 30,		  
    2019     2020  
             
Net (loss) / income    
(917,545
 )    
3,466,124
  
Dividend Series B Preferred shares    
(1,110,467
 )    
(524,621
 )
Preferred deemed dividend    
(504,577
 )    
-
  
Net (loss) / income attributable to common shareholders    
(2,532,589
 )    
2,941,503
  
Weighted average common shares – outstanding    
2,129,233
      
5,621,159
  
Basic and diluted (loss) / earnings per share    
(1.19
 )    
0.52
  
 
The Company excluded the effect of
15,555
unvested incentive award shares as of
September 30, 2020
and
11,278
shares as of
September 30, 2019,
as well as the effect of Series B Preferred Shares, as they were anti-dilutive. The number of dilutive securities was
nil
shares in the
nine
-month periods ended
September 30, 2019
and
2020.