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Basic and Diluted Earnings Per Common Share
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Common Share

(4) 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 249,000 and 274,000 shares of common stock were excluded from the computations of diluted net loss per common share as of September 30, 2019 and 2018, respectively, as their effect was anti-dilutive.

 

  

Three months ended

September 30,

  

Nine months ended

September 30,

 
   2019   2018   2019   2018 
Numerator:                
Net (loss) income attributable to common shareholders  $(351,000)  $222,000   $(762,000)  $(319,000)
Denominator:                    
Weighted average common shares outstanding - basic   2,874,000    2,857,000    2,870,000    2,628,000 
Effects of diluted common shares   -    -    -    - 
Weighted average common shares outstanding - diluted   2,874,000    2,857,000    2,870,000    2,628,000 
                     
Net (loss) income per common share - basic and diluted  $(0.12)  $0.08   $(0.27)  $(0.12)