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Income Per Share and Per Unit (Tables)
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The computation of basic and diluted earnings per share is presented below.

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2015

 

 

September 30, 2014

 

 

September 30, 2015

 

 

September 30, 2014

 

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to the Company for

   basic computation

 

$

3,872,394

 

 

$

(214,902

)

 

$

5,878,836

 

 

$

2,734,789

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares

   outstanding for basic computation

 

 

14,247,671

 

 

 

10,353,988

 

 

 

11,884,110

 

 

 

10,311,595

 

Basic and diluted net income (loss) per share

 

$

0.27

 

 

$

(0.02

)

 

$

0.49

 

 

$

0.27

 

 

Computation of Basic and Diluted Earnings Per Unit

Income Per Unit – The computation of basic and diluted earnings per unit is presented below.

 

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2015

 

 

September 30, 2014

 

 

September 30, 2015

 

 

September 30, 2014

 

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

4,636,644

 

 

$

(280,014

)

 

$

7,109,609

 

 

$

3,474,854

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of units outstanding

 

 

16,615,889

 

 

 

13,108,115

 

 

 

14,328,893

 

 

 

13,101,986

 

Basic and diluted net income (loss)  per unit

 

$

0.28

 

 

$

(0.02

)

 

$

0.50

 

 

$

0.27