Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

 

NOTE 4. EARNINGS PER SHARE

The Company follows ASC 260, Earnings Per Share (ASC 260) that requires the reporting of both basic and diluted earnings per share. Basic earnings per share is computed by dividing net income available to participating common stockholders by the weighted average number of participating common shares outstanding for the period.

Basic and diluted earnings per share attributable to common and restricted shares of common stock for the period were as follows:

    Three Months Ending     Nine Months Ending  
    September 30,     September 30,  
    2020     2019     2020     2019  
Basic and diluted earnings per share                                
Common stock   $ 0.24     $ 0.13     $ 0.60     $ 0.47  
Restricted shares of common stock   $ 0.24     $ 0.14     $ 0.59     $ 0.43