| Schedule of total potential shares to use two method of EPS |
Schedule of total potential shares to use two method of EPS
| |
|
Original
Filing
Allocation
of
Undistributed
Earnings |
|
|
Amendment
Allocation
of
Undistributed
Earnings |
|
| Common
Stock |
|
|
904,312 |
|
|
|
100.0 |
% |
|
|
904,312 |
|
|
|
63.3 |
% |
| Participating
Securities, as if Converted to Common Stock |
|
|
— |
|
|
|
0.0 |
% |
|
|
524,501 |
|
|
|
36.7 |
% |
| Total
Potential Shares |
|
|
904,312 |
|
|
|
100.0 |
% |
|
|
1,428,813 |
|
|
|
100.0 |
% |
|
| Schedule of Basic and Diluted EPS |
Schedule of Basic and Diluted EPS
| |
|
As Reported in Original Filing |
|
|
As Reported in
the Amendment |
|
|
Difference |
|
| Net income |
|
$ |
3,472,480 |
|
|
$ |
3,472,480 |
|
|
$ |
— |
|
| Less: Dividend to investor |
|
|
(1,488,472 |
) |
|
|
(1,488,472 |
) |
|
|
— |
|
| Net income available for Common Stockholders and holders of Participating Securities |
|
|
1,984,008 |
|
|
|
1,984,008 |
|
|
|
— |
|
| Less: Allocation to Participating Securities |
|
|
|
|
|
|
(728,299 |
) |
|
|
(728,299 |
) |
| Net income attributable to Common Stockholders |
|
$ |
1,984,008 |
|
|
$ |
1,255,709 |
|
|
$ |
(728,299 |
) |
| Weighted average shares of Common Stock outstanding |
|
|
5,425,871 |
|
|
|
5,425,871 |
|
|
|
— |
|
| Basic and dilutive EPS |
|
$ |
0.37 |
|
|
$ |
0.23 |
|
|
$ |
0.14 |
|
The following table shows the basic EPS, as reported
in the Original Filing and as amended in the Amendment, after to giving effect to the Reverse Stock Split:
| |
|
As
Reported in Original Filing |
|
|
As
Reported in Amendment |
|
|
Difference |
|
| Net
income |
|
$ |
3,472,480 |
|
|
$ |
3,472,480 |
|
|
$ |
— |
|
| Less:
Dividend to investor |
|
|
(1,488,472 |
) |
|
|
(1,488,472 |
) |
|
|
— |
|
| Net
income available for Common Stockholders and holders of Participating Securities |
|
|
1,984,008 |
|
|
|
1,984,008 |
|
|
|
— |
|
| Less:
Allocation to Participating Securities |
|
|
— |
|
|
|
(728,299 |
) |
|
|
(728,299 |
) |
| Net
income attributable to Common Stockholders |
|
$ |
1,984,008 |
|
|
$ |
1,255,709 |
|
|
$ |
(728,299 |
) |
| Weighted
average shares of Common Stock outstanding |
|
|
904,312 |
|
|
|
904,312 |
|
|
|
— |
|
| Basic
and dilutive EPS |
|
$ |
2.19 |
|
|
$ |
1.39 |
|
|
$ |
0.80 |
|
|