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Earnings Per Share
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

(11) Earnings Per Share


For the three months ended March 31, 2020 and 2019, basic and diluted net income per share are calculated as follows:


   Three Months Ended
March 31,
 
   2020   2019 
Basic loss per share        
Net loss for the period - numerator  $(2,436,287)  $(2,722,595)
Weighted average common stock outstanding - denominator   22,054,816    22,022,316 
           
Net loss per share  $(0.11)  $(0.12)
           
Diluted income per share          
Net income for the period- numerator  $(2,436,287)  $(2,722,595)
Weighted average common stock outstanding - denominator   22,054,816    22,022,316 
           
Effect of dilution   -    - 
Weighted average common stock outstanding - denominator   22,054,816    22,022,316 
           
Diluted loss per share  $(0.11)  $(0.12)

For the three months ended March 31, 2020 and 2019 there were no securities with dilutive effect issued and outstanding.