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Earnings Per Share

9 Months Ended

Sep. 30, 2019

(12) Earnings Per Share

For the three months ended September 30, 2019 and 2018, basic and diluted net income per share are calculated as follows:

	Three Months Ended September 30,
	2019		2018
Basic income (loss) per share
Net income (loss) for the period - numerator	$	2,338,027	$	(1,404,962	)
Weighted average common stock outstanding - denominator		22,028,171		21,450,316

Net income (loss) per share	$	0.11	$	(0.07	)

Diluted income per share
Net income for the period- numerator	$	2,338,027	$	(1,404,962	)
Weighted average common stock outstanding - denominator		22,028,171		21,450,316

Effect of dilution		-		-
Weighted average common stock outstanding - denominator		22,028,171		21,450,316

Diluted income (loss) per share	$	0.11	$	(0.07	)

For the nine months ended September 30, 2019 and 2018, basic and diluted net income per share are calculated as follows:

	Nine Months Ended September 30,
	2019		2018
Basic income (loss) per share
Net income (loss) for the period – numerator	$	65,502	$	(5,381,244	)
Weighted average common stock outstanding - denominator		22,028,171		21,450,316

Net income (loss) per share	$	0.003	$	(0.25	)

Diluted income (loss) per share
Net income (loss) for the period - numerator	$	65,502	$	(5,381,244	)
Weighted average common stock outstanding - denominator		22,028,171		21,450,316

Effect of dilution		-		-
Weighted average common stock outstanding - denominator		22,028,171		21,450,316

Diluted income (loss) per share	$	0.003	$	(0.25	)

For the three and nine months ended September 30, 2019, there were no securities with dilutive effect issued and outstanding.