XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.20.2

Earnings Per Share | 9 Months Ended
--- | ---
Sep. 30, 2020
Earnings Per Share [Abstract] |
Earnings Per Share | 9. EARNINGS PER SHARE Basic earnings per share is computed using the weighted average number of shares outstanding. Diluted earnings per share is computed using the weighted average number of shares outstanding adjusted for the incremental shares attributed to potentially diluted securities. The following table sets forth the computation of basic and diluted earnings per share:
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Net income (loss) |  | $ | 337,124 |  |  | $ | 249,233 |  |  | $ | (41,444 | ) |  | $ | 573,901 |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Average number of common shares outstanding - basic |  |  | 9,277,043 |  |  |  | 7,646,875 |  |  |  | 9,269,834 |  |  |  | 7,639,588 |
Net effect of dilutive unvested restricted stock awards included for treasury stock method |  |  | 13,941 |  |  |  | 5,382 |  |  |  | — |  |  |  | 1,286 |
Average number of common shares outstanding - diluted |  |  | 9,290,984 |  |  |  | 7,652,257 |  |  |  | 9,269,834 |  |  |  | 7,640,874 |
Earnings per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.04 |  |  | $ | 0.03 |  |  | $ | (0.00 | ) |  | $ | 0.08 |
Diluted |  | $ | 0.04 |  |  | $ | 0.03 |  |  | $ | (0.00 | ) |  | $ | 0.08 |
For the nine months ended September 30, 2020, 10,210 shares of common stock from outstanding restricted stock awards were excluded from the computation of diluted net loss per common share since the effect would be anti-dilutive. Common stock dividends totaled $608,153 ($0.065 per share) and $502,385 ($0.065 per share) for the three months ended September 30, 2020 and 2019, respectively, and $1,822,776 ($0.195 per share) and $1,508,086 ($0.195 per share) for the nine months ended September 30, 2020 and 2019, respectively.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=6371337&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=6371337&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration