Schedule of Basic and Diluted Earnings Per Share Reconciliation |
A reconciliation of basic and diluted earnings per share is presented below: | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | Six Months Ended March 31, | | | 2018 | | 2017 | | 2018 | | 2017 | | Net Income | $ | 3,465,929 |
| | $ | 3,225,199 |
| | $ | 5,525,391 |
| | $ | 5,457,417 |
| | Weighted average common shares | 7,371,694 |
| | 7,215,329 |
| | 7,309,215 |
| | 7,204,847 |
| | Effect of dilutive securities: | | | | | | | | | Options to purchase common stock | 41,657 |
| | 29,516 |
| | 45,018 |
| | 22,647 |
| | Diluted average common shares | 7,413,351 |
| | 7,244,845 |
| | 7,354,233 |
| | 7,227,494 |
| | Earnings Per Share of Common Stock: | | | | | | | | | Basic | $ | 0.47 |
| | $ | 0.45 |
| | $ | 0.76 |
| | $ | 0.76 |
| | Diluted | $ | 0.47 |
| | $ | 0.45 |
| | $ | 0.75 |
| | $ | 0.76 |
|
|