Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	For the Three Months Ended March 31,
	2023			2022
Net income	$	992,541		$	283,207
Earnings and dividends allocated to participating securities		(5,264	)		(5,533	)
Net income attributable to common stockholders	$	987,277		$	277,674
Weighted average common shares outstanding:
Average number of common shares outstanding - basic		11,034,193			10,660,921
Net effect of dilutive unvested restricted stock awards included for treasury stock method		46,318			61,142
Average number of common shares outstanding - diluted		11,080,511			10,722,063
Earnings per common share
Basic	$	0.09		$	0.03
Diluted	$	0.09		$	0.03