Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2017

The following table reconciles the numerator and denominator used to calculate diluted earnings (loss) per share for the three and six months ended June 30, 2017 and 2016:



	Three months ended June 30,
	2017			2016
Numerator:
Net income (loss) attributable to common shareholders	$	(5,160,611	)	$	(48,044	)
Denominator:
Weighted-average shares outstanding – basic	16,011,758			16,247,028
Dilutive effect of other securities	—			—
Weighted-average shares outstanding – diluted	16,011,758			16,247,028

	Six months ended June 30,
	2017			2016
Numerator:
Net income (loss) attributable to common shareholders	$	(6,435,057	)	$	(301,155	)
Denominator:
Weighted-average shares outstanding – basic	16,026,935			16,293,744
Dilutive effect of other securities	—			—
Weighted-average shares outstanding – diluted	16,026,935			16,293,744

As of June 30, 2017 and 2016, restricted stock awards and options to purchase 20,375 and 23,758 shares of common stock, respectively, were outstanding but were not included in the computation of diluted earnings per share because the effect would be antidilutive.