Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

The following table sets forth the unaudited operating results for each fiscal quarter of 2019 and 2018:


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total

2019:
Net revenues	$	11,902,747	$	11,580,600	$	10,371,918	$	13,678,372	$	47,533,637
Operating income (loss)	(176,796)		(601,715)		(1,847,085)		(997,409)		(3,623,005)
Net income (loss) attributable to common shareholders	(73,878)		(549,507)		(1,953,668)		(960,706)		(3,537,759)
Earnings (loss) per share attributable to common shareholders ⁽¹⁾
Basic	$	—	$	(0.04)	$	(0.13)	$	(0.06)	$	(0.23)
Diluted	$	—	$	(0.04)	$	(0.13)	$	(0.06)	$	(0.23)

2018:
Net revenues	$	8,587,605	$	10,163,724	$	8,492,530	$	13,497,906	$	40,741,765
Operating income (loss)	(2,452,222)		(868,978)		(1,806,883)		(2,262,689)		(7,390,772)
Net income (loss) attributable to common shareholders	(2,379,239)		(720,688)		(1,643,044)		(2,220,097)		(6,963,068)
Earnings (loss) per share attributable to common shareholders ⁽¹⁾
Basic	$	(0.15)	$	(0.05)	$	(0.11)	$	(0.14)	$	(0.45)
Diluted	$	(0.15)	$	(0.05)	$	(0.11)	$	(0.14)	$	(0.45)

(1) Due to the nature of interim earnings per share calculations, the sum of the quarterly earnings (loss) per share amounts may not equal the reported earnings (loss) per share for the full year.