| Schedule of Weighted Average Number of Shares |
The following table presents a reconciliation of net income (loss) and the shares used in calculating weighted average basic and diluted earnings per common share for the three and nine months ended September 30, 2020 and September 30, 2019. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended September 30, | | For the Nine Months Ended September 30, | | | | 2020 | | 2019 | | 2020 | | 2019 | | Net Income (Loss) | | $ | 58,386 | | | $ | (60,955) | | | $ | (296,525) | | | $ | (358,586) | | | Less: Preferred dividends | | (2,320) | | | (3,410) | | | (7,467) | | | (11,943) | | | Net Income (Loss) available (related) to common stockholders | | $ | 56,066 | | | $ | (64,365) | | | $ | (303,992) | | | $ | (370,529) | | | | | | | | | | | | Weighted average common shares outstanding – basic | | 64,724 | | | 59,077 | | | 62,458 | | | 57,473 | | | Add: Effect of dilutive non-vested awards, assumed vested | | 548 | | | — | | | — | | | — | | | Weighted average common shares outstanding – diluted | | 65,272 | | | 59,077 | | | 62,458 | | | 57,473 | |
For the nine months ended September 30, 2020 and for the three and nine months ended September 30, 2019, 548 and 282, respectively, of potentially dilutive non-vested awards outstanding were excluded from the computation of diluted Net Income (Loss) available (related) to common stockholders because to have included them would have been anti-dilutive for the period.
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