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Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2021

Net Income (Loss) Per Share

Net Income (Loss) Per Share

10. Net Income (Loss) Per Share

Basic net income per share is computed on the basis of the weighted-average number of common shares outstanding during the period. Diluted net income per share is computed based upon the weighted-average number of common shares outstanding during the period plus the assumed issuance of common shares for all potentially dilutive securities.

The net income (loss) used in the calculation of basic and diluted net income (loss) per share is as follows:

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​

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Three months ended June 30,

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Six months ended June 30,

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2021

2020

2021

2020

Net income (loss) available to shareholders

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$

(485,025)

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$

(566,034)

​

$

2,250,542

​

$

(255,735)

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In calculating the net income (loss) per share, basic and diluted, the following weighted-average shares were used:

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​	​	​	​	​	​	​	​	​
​	​	Three months ended June 30,			​	Six months ended June 30,
​		2021		2020		2021		2020
Basic weighted-average number of shares outstanding	​	23,779,205	​	26,147,403	​	23,862,749	​	26,356,244
Unvested time-based restricted shares		—		—		53,815		—
Unvested performance-based restricted shares		—		—		24,776		—
Basic and diluted weighted average shares outstanding		23,779,205		26,147,403		23,941,340		26,356,244

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The Company excluded the following shares from the diluted EPS because their inclusion would have been anti-dilutive.

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​	​	​	​	​	​	​	​	​
​	​	Three months ended June 30,			​	Six months ended June 30,
​		2021		2020		2021		2020
Anti-dilutive options	​	245,000	​	245,000	​	245,000	​	245,000
Anti-dilutive unvested time-based restricted shares	​	268,070	​	346,499	​	214,255	​	346,499
Anti-dilutive unvested performance-based restricted shares	​	151,500	​	—	​	126,724	​	—
Total Anti-dilutive shares		664,570		591,499		585,979		591,499

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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