2022

2021

Basic earnings per share of common stock:

Numerator -

Net income attributable to common stockholders

$

1,214,724

$

2,970,921

Denominator -

Weighted-average shares outstanding - basic

28,279,701

28,385,114

Income per share of common stock - basic

$

0.04

$

0.10

Diluted earnings per share of common stock:

Numerator -

Net income attributable to common stockholders

$

1,214,724

$

2,970,921

Add: Preferred stock dividends for assumed conversion

109,418

81,918

Net income allocated to common stockholders

$

1,324,142

$

3,052,839

Denominator -

Weighted-average shares outstanding - basic

28,279,701

28,385,114

Incremental shares from assumed conversion of options, warrants and preferred stock, as appropriate

3,826,754

3,829,333

Weighted average common stock outstanding - diluted

32,106,455

32,214,447

Income per share of common stock - diluted

$

0.04

$

0.09