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Earnings (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Reconciliation of numerator and denominator
The following table reconciles the numerator and denominator used to calculate diluted earnings (loss) per share for the three and nine months ended September 30, 2017 and 2016:
 
Three months ended September 30,
 
2017
 
2016
Numerator:
 
 
 
Net income (loss) attributable to common shareholders
$
(743,031
)
 
$
106,166

Denominator:
 
 
 
Weighted-average shares outstanding – basic
15,867,159

 
16,217,442

Dilutive effect of other securities

 
287,126

Weighted-average shares outstanding – diluted
15,867,159

 
16,504,568

 
 
 
 
 
Nine months ended September 30,
 
2017
 
2016
Numerator:
 
 
 
Net income (loss) attributable to common shareholders
$
(7,178,088
)
 
$
(194,989
)
Denominator:
 
 
 
Weighted-average shares outstanding – basic
15,973,737

 
16,268,579

Dilutive effect of other securities

 

Weighted-average shares outstanding – diluted
15,973,737

 
16,268,579