NOTE A - SUMMARY OF ACCOUNTING POLICIES AND NATURE OF OPERATIONS: Income Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)

12 Months Ended

Dec. 31, 2021

Tables/Schedules

Schedule of Earnings Per Share, Basic and Diluted

	December 31, 2021	December 31, 2020
Net income:
Net income	$892,977	$1,072,486
Preferred stock dividends	(54,739)	(59,771)
Net income available to common shareholders	838,238	1,012,715
Basic income per share:
Weighted-average common shares outstanding used in income per share computations	16,698,620	14,913,351
Basic income per share	0.05	0.07
Diluted income per share:
Shares used in diluted income per share computations	19,216,153	17,533,766
Diluted income per share	0.05	0.06
Computation of shares used in income per share:
Weighted average shares and share equivalents outstanding - basic	16,698,620	14,913,351
Effect of dilutive stock options	2,229,933	2,351,621
Effect of dilutive warrants	287,600	268,794
Weighted average shares and share equivalents outstanding – assuming dilution	19,216,153	17,533,766