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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Calculation of Numerator and Denominator in Earnings Per Share The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three months ended March 31, 2021 and 2020:

 

 

 

Three months ended March 31,

 

 

 

2021

 

 

2020

 

Numerator

 

 

 

 

 

 

 

 

Net income (loss)

 

$

1,253,000

 

 

$

(2,098,000

)

Preferred stock dividends

 

 

(2,688,000

)

 

 

(2,688,000

)

Net (income) attributable to noncontrolling interests

 

 

(141,000

)

 

 

(148,000

)

Net earnings allocated to unvested shares

 

 

(33,000

)

 

 

(154,000

)

Net (loss) attributable to vested common shares

 

$

(1,609,000

)

 

$

(5,088,000

)

Denominator

 

 

 

 

 

 

 

 

Weighted average number of vested common shares outstanding, basic and diluted

 

 

13,144,000

 

 

 

13,086,000

 

 

 

 

 

 

 

 

 

 

Net (loss) per common share attributable to common shareholders, basic and diluted

 

$

(0.12

)

 

$

(0.39

)