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EARNINGS (LOSS) PER SHARE INFORMATION

12 Months Ended

Dec. 31, 2019

EARNINGS (LOSS) PER SHARE INFORMATION

EARNINGS (LOSS) PER SHARE INFORMATION

NOTE 5 – EARNINGS (LOSS) PER SHARE INFORMATION

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For the years ended December 31,		2019			2018			2017
Net Income	​	$	29,496,551	​	$	8,999,760	​	$	1,753,869
Basic Weighted-Average Shares Outstanding	​		66,571,738	​		59,531,200	​		51,383,008
Effect of dilutive securities:	​			​			​
Stock options	​		174,944	​		1,238,786	​		1,413,932
Restricted stock	​		10,346	​		78,191	​		9,772
Diluted Weighted-Average Shares Outstanding	​		66,757,028	​		60,848,177	​		52,806,712
Basic Earnings per Share	​	$	0.44	​	$	0.15	​	$	0.03
Diluted Earnings per Share	​	$	0.44	​	$	0.15	​	$	0.03

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Stock options to purchase 2,353,500, 574,500 and 603,500 shares of common stock were excluded from the computation of diluted earnings per share during the years ended December 31, 2019, 2018 and 2017, respectively, as their effect would have been anti-dilutive.  704,684 and 2,500 shares of unvested restricted stock were excluded from the computation of diluted earnings per share during the years ended December 31, 2019 and 2018, respectively, as their effect would have been anti-dilutive.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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