XML 35 R18.htm IDEA: XBRL DOCUMENT v3.19.1

Earnings Per Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

(13) Earnings Per Share

For the three months ended March 31, 2019 and 2018, basic and diluted net income per share are calculated as follows: 

		Three Months Ended March 31,
		2019				2018
Basic loss per share
Net loss for the period - numerator		$	(2,722,595	)		$	(4,086,276	)
Weighted average common stock outstanding - denominator			22,022,316				21,450,316
Net loss per share		$	(0.12	)		$	(0.19	)
Diluted income per share
Net income for the period - numerator		$	(2,722,595	)		$	(4,086,276	)
Weighted average common stock outstanding - denominator			22,022,316				21,450,316
Effect of dilution			-				-
Weighted average common stock outstanding - denominator			22,022,316				21,450,316
Diluted loss per share		$	(0.12	)		$	(0.19	)

For the three months ended March 31, 2019 and 2018, 820,312 warrants shares were excluded from the calculations of dilutive net income per share as their effects would have been anti-dilutive since the average share price was lower than the warrants exercise price. For the three months ended March 31, 2019, there were no securities with dilutive effect issued and outstanding.

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

+ Details

Name:	us-gaap_EarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration