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Income Per Share and Per Unit (Tables)

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Income Per Share

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

		Three Months Ended				Three Months Ended				Six Months Ended				Six Months Ended
		June 30, 2017				June 30, 2016				June 30, 2017				June 30, 2016
		(unaudited)				(unaudited)				(unaudited)				(unaudited)
Numerator
Net income available to common stockholders for basic computation		$	276,926			$	1,761,106			$	2,147,942			$	2,244,205
Denominator
Weighted average number of common shares outstanding for basic computation			13,813,168				14,949,651				13,898,910				14,871,281
Basic net income per share		$	0.02			$	0.12			$	0.15			$	0.15

Weighted average number of common shares outstanding for diluted computation			13,815,035				14,949,651				13,908,359				14,871,281
Diluted net income per share		$	0.02			$	0.12			$	0.15			$	0.15

Computation of Basic and Diluted Net Income Per Unit

The computation of basic and diluted net income per unit is presented below.

		Three Months Ended				Three Months Ended				Six Months Ended				Six Months Ended
		June 30, 2017				June 30, 2016				June 30, 2017				June 30, 2016
		(unaudited)				(unaudited)				(unaudited)				(unaudited)
Numerator
Net income available to operating partnership unit holders for basic computation		$	310,795			$	1,977,550			$	2,411,753			$	2,523,428
Denominator
Weighted average number of units outstanding			16,258,691				16,727,791				16,255,708				16,721,417
Basic and diluted net income per unit		$	0.02			$	0.12			$	0.15			$	0.15