For the Three Months Ended September 30,

For the Nine Months Ended September 30,

2023

2022

2023

2022

Net income

$

270,758

$

929,864

$

1,841,369

$

1,617,271

Earnings and dividends allocated to participating securities

(6,406

)

(6,227

)

(18,667

)

(17,955

)

Net income attributable to common stockholders

$

264,352

$

923,637

$

1,822,702

$

1,599,316

Weighted average common shares outstanding:

Average number of common shares outstanding - basic

11,048,877

10,924,646

11,041,578

10,785,362

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

41,797

53,354

43,106

57,153

Average number of common shares outstanding - diluted

11,090,674

10,978,000

11,084,684

10,842,515

Earnings per common share

Basic

$

0.02

$

0.08

$

0.17

$

0.15

Diluted

$

0.02

$

0.08

$

0.16

$

0.15