For the Three Months Ended September 30,

For the Nine Months Ended September 30,

2022

2021

2022

2021

Net income

$

929,864

$

629,062

$

1,617,271

$

1,901,608

Earnings and dividends allocated to participating securities

(6,227

)

(6,929

)

(17,955

)

(18,494

)

Net income attributable to common stockholders

$

923,637

$

622,133

$

1,599,316

$

1,883,114

Weighted average common shares outstanding:

Average number of common shares outstanding - basic

10,924,646

10,601,521

10,785,362

9,757,458

Net effect of dilutive unvested restricted stock awards included for treasury stock method

53,354

33,485

57,153

29,859

Average number of common shares outstanding - diluted

10,978,000

10,635,006

10,842,515

9,787,317

Earnings per common share

Basic

$

0.08

$

0.06

$

0.15

$

0.19

Diluted

$

0.08

$

0.06

$

0.15

$

0.19