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Earnings Per Share
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The Company’s common shares outstanding consist of all shares issued and outstanding, including unvested restricted shares. Basic and diluted EPS are calculated under the two-class method. Restricted stock units are considered dilutive,although were no restricted stock units outstanding as of March 31, 2020. The following table sets forth the computation for basic and diluted EPS and reconciliation between basic and diluted shares outstanding:
 
Three Months Ended 
 March 31,
 
2020
 
2019
Net Income (Loss)
$
(2,528,368
)
 
$
19,555,847

Less: Net loss (income) attributable to redeemable noncontrolling interest
4,058,476

 
(2,623,205
)
Net income attributable to common shareholders
$
1,530,108

 
$
16,932,642

 
 
 
 
Weighted average number of outstanding shares - Basic
3,272,761

 
3,493,843

Dilutive impact of restricted stock units

 
2,691

Weighted average number of outstanding shares - Diluted
3,272,761

 
3,496,534

 
 
 
 
Earnings per share attributable to common shareholders
 
 
 
Basic
$
0.47

 
$
4.85

Diluted
$
0.47

 
$
4.84