BASIC AND FULLY DILUTED NET INCOME PER COMMON SHARE

12 Months Ended

Dec. 31, 2023

Income per share

BASIC AND FULLY DILUTED NET INCOME PER COMMON SHARE

8.     BASIC AND FULLY DILUTED NET INCOME PER COMMON SHARE

The following table sets forth the computation of basic and fully diluted net income per common share for the years ended December 31, 2023 and 2022: 

	2023		2022
Numerator:
Net income	$	6,458,727	$	1,027,775
Denominator:
Weighted average common shares:
Denominator for basic calculation		52,487,840		52,048,127
Weighted average effects of potentially diluted common stock:
Stock options (calculated under treasury method)		694,884		505,934
Unvested restricted stock awards		979,761		379,194
Denominator for fully diluted calculation	$	54,162,485	$	52,933,255
Net income per common share:
Basic	$	0.12	$	0.02
Fully diluted	$	0.12	$	0.02