Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of quarterly financial information

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	$	8,729,860	$	9,417,443	$	6,935,439	$	9,305,553	$	34,388,295
Operating income (loss)	(1,323,932)		(1,373,424)		(3,196,436)		(3,394,390)		(9,288,182)
Net income (loss) from continuing operations	(1,187,553)		(1,338,521)		(3,316,286)		(3,369,328)		(9,211,688)
Net income (loss) from discontinued operations	1,147,136		771,709		1,349,351		2,396,981		5,665,177
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)
Continuing operations - basic	$	(0.08)	$	(0.09)	$	(0.22)	$	(0.22)	$	(0.60)
Discontinued operations - basic	0.08		0.05		0.09		0.16		0.37
Basic	$	—	$	(0.04)	$	(0.13)	$	(0.06)	$	(0.23)

Continuing operations - diluted	$	(0.08)	$	(0.09)	$	(0.22)	$	(0.22)	$	(0.60)
Discontinued operations - diluted	0.08		0.05		0.09		0.16		0.37
Diluted	$	—	$	(0.04)	$	(0.13)	$	(0.06)	$	(0.23)

2018:
Net revenues	$	5,918,758	$	7,084,843	$	5,853,451	$	10,487,842	$	29,344,894
Operating income (loss)	(3,315,936)		(1,919,189)		(2,644,614)		(3,293,257)		(11,172,996)
Net income (loss) from continuing operations	(3,255,903)		(1,795,661)		(2,501,752)		(3,267,680)		(10,820,996)
Net income (loss) from discontinued operations	863,714		1,050,211		837,731		1,030,568		3,782,224
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)
Continuing operations - basic	$	(0.21)	$	(0.11)	$	(0.16)	$	(0.21)	$	(0.70)
Discontinued operations - basic	0.06		0.06		0.05		0.07		0.25
Basic	$	(0.15)	$	(0.05)	$	(0.11)	$	(0.14)	$	(0.45)

Continuing operations - diluted	$	(0.21)	$	(0.11)	$	(0.16)	$	(0.21)	$	(0.70)
Discontinued operations - diluted	0.06		0.06		0.05		0.07		0.25
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.