| EARNINGS (LOSS) PER SHARE |
EARNINGS (LOSS) PER SHARE The following table reconciles the numerator and denominator used to calculate diluted earnings (loss) per share for the three and nine months ended September 30, 2020 and 2019:
| | | | | | | | | | | | | Three months ended September 30, | | 2020 | | 2019 | | Numerator: | | | | | Net income (loss) from continuing operations | $ | (1,275,620) | | | $ | (3,316,286) | | | Discontinued operations | 777,916 | | | 1,349,351 | | | Net (income) loss at subsidiary attributable to noncontrolling interest | 15,967 | | | 13,267 | | | Net income (loss) attributable to common shareholders | $ | (481,737) | | | $ | (1,953,668) | | | Denominator: | | | | | Weighted-average shares outstanding – basic | 15,134,583 | | | 15,368,027 | | | Dilutive effect of other securities | — | | | — | | | Weighted-average shares outstanding – diluted | 15,134,583 | | | 15,368,027 | |
| | | | | | | | | | | | | Nine months ended September 30, | | 2020 | | 2019 | | Numerator: | | | | | Net income (loss) from continuing operations | $ | (4,838,250) | | | $ | (5,842,361) | | | Discontinued operations | 2,334,811 | | | 3,268,196 | | | Net income (loss) at subsidiary attributable to noncontrolling interest | 47,806 | | | (2,888) | | | Net income (loss) attributable to common shareholders | $ | (2,455,633) | | | $ | (2,577,053) | | | Denominator: | | | | | Weighted-average shares outstanding – basic | 15,206,179 | | | 15,454,159 | | | Dilutive effect of other securities | — | | | — | | | Weighted-average shares outstanding – diluted | 15,206,179 | | | 15,454,159 | | | | | |
As of September 30, 2020 and 2019, restricted stock awards and options to purchase 197,210 and 3,600 shares of common stock, respectively, were outstanding but were not included in the computation of diluted earnings per share because the effect would be antidilutive.
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