Earnings Per Share

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share

Note 9. Earnings Per Share

The Company calculates earnings per share in accordance with FASB ASC 260, Earnings Per Share, which requires a dual presentation of basic and diluted earnings per share. Basic earnings per share are computed using the weighted average number of shares outstanding during the fiscal year. Potentially dilutive common shares consist of stock options outstanding (using the treasury method).

The following table sets forth the computation of basic and diluted net income per common share:

Years Ended December 31,	2021			2020
Net income before non-controlling interest	$	1,992,248		$	1,620,879
Non-controlling interest		(171,628	)		431
Net income		2,163,876			1,620,448
Weighted-average shares of common stock outstanding:
Basic		35,030,339			35,030,339
Dilutive effect of common stock equivalents arising from
share option, excluding antidilutive effect from loss		-			-
Dilutive shares		35,030,339			35,030,339
Earnings per share – Basic and diluted
Net income before non-controlling interest	$	0.06		$	0.05
Non-controlling interest	$	0.00		$	0.00
Earnings per share to stockholders	$	0.06		$	0.05

No non-vested share awards or non-vested share unit awards were antidilutive for the years ended December 31, 2021 and 2020.