Basic and Diluted Earnings Per Common Share	12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Common Share	8. Basic and Diluted Earnings Per Common Share Basic earnings per share excludes the dilutive effects of options, warrants and other convertible securities. Diluted earnings per share reflects the potential dilutions of securities that could share in the Company’s earnings. Options, warrants and convertible preferred stock representing approximately 219,000 and 239,000 shares of common stock were excluded from the computations of diluted net loss per common share for the years ended December 31, 2018 and 2017, respectively, as their effect was anti-dilutive. When computing basic and diluted earnings per common shareholder, the Company is required to reduce net income or increase net loss by dividend amounts paid to the holders of its Series A Preferred stock. Historically, the Company has not made this adjustment on its consolidated statement of operations. However, the Company has made such adjustments in the presentation of its accompanying statements of operations for the years ended December 31, 2018 and 2017. This presentation adjustment resulted in a change in basic and diluted earnings per common shareholder for the year ended December 31, 2017 from $0.44 as previously reported to $0.45. The Series A preferred stock dividend was correctly reported in the Company’s balance sheet, statement of shareholders’ equity, and statement of cash flows for the year ended December 31, 2017. The Company determined that the change to the statement of operations for the year ended December 31, 2017 was immaterial. See Cumulative Convertible Preferred Stock in Note 9 for more information on the preferred stockholder dividend.

Basic and Diluted Earnings Per Common Share

12 Months Ended

Dec. 31, 2018

Basic and Diluted Earnings Per Common Share

8. Basic and Diluted Earnings Per Common Share

Basic earnings per share excludes the dilutive effects of options, warrants and other convertible securities. Diluted earnings per share reflects the potential dilutions of securities that could share in the Company’s earnings. Options, warrants and convertible preferred stock representing approximately 219,000 and 239,000 shares of common stock were excluded from the computations of diluted net loss per common share for the years ended December 31, 2018 and 2017, respectively, as their effect was anti-dilutive.

When computing basic and diluted earnings per common shareholder, the Company is required to reduce net income or increase net loss by dividend amounts paid to the holders of its Series A Preferred stock. Historically, the Company has not made this adjustment on its consolidated statement of operations. However, the Company has made such adjustments in the presentation of its accompanying statements of operations for the years ended December 31, 2018 and 2017. This presentation adjustment resulted in a change in basic and diluted earnings per common shareholder for the year ended December 31, 2017 from $0.44 as previously reported to $0.45. The Series A preferred stock dividend was correctly reported in the Company’s balance sheet, statement of shareholders’ equity, and statement of cash flows for the year ended December 31, 2017. The Company determined that the change to the statement of operations for the year ended December 31, 2017 was immaterial. See Cumulative Convertible Preferred Stock in Note 9 for more information on the preferred stockholder dividend.