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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, 2022
Tables/Schedules  
Schedule of Earnings Per Share, Basic and Diluted

 

 

December 31, 2022

December 31, 2021

Net income:

 

 

Net income

$672,236  

$892,977  

Preferred stock dividends

(64,256) 

(54,739) 

Net income available to common shareholders

607,980  

838,238  

 

 

 

Basic income per share:

 

 

Weighted-average common shares outstanding used in income per share computations

18,401,789  

16,698,620  

Basic income per share

0.03  

0.05  

 

 

 

Diluted income per share:

 

 

Shares used in diluted income per share computations

18,898,411  

19,216,153  

Diluted income per share

0.03  

0.05  

 

 

 

Computation of shares used in income per share:

 

 

Weighted average shares and share equivalents outstanding - basic

18,401,789  

16,698,620  

Effect of dilutive stock options

496,622  

2,229,933  

Effect of dilutive warrants

 

287,600  

Weighted average shares and share equivalents outstanding – assuming dilution

18,898,411  

19,216,153