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Basic and Diluted Average Shares
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Basic and Diluted Average Shares

(12) Basic and Diluted Average Shares

 

A reconciliation of basic and diluted weighted average common shares for the three months and nine months ended September 30, 2019 and 2018 is as follows:

 

    For the Three Months Ended  
    September 30,  
    2019     2018  
             
Basic weighted average shares     26,924,381       26,924,381  
Effect of potential dilutive securities     -       -  
Diluted weighted average shares     26,924,381       26,924,381  

 

    For the Nine Months Ended  
    September 30,  
    2019     2018  
             
Basic weighted average shares     26,924,381       26,924,381  
Effect of potential dilutive securities     -       182,958  
Diluted weighted average shares     26,924,381       27,107,339  

 

For the three and nine months ended September 30, 2019, there were approximately 15,000 stock options excluded from the earnings per share calculation because their impact is antidilutive. For the three and nine months ended September 30, 2018 there were 1,015,000 of common share option, warrants and Restricted Stock Units (RSU’s) unexercised respectively.