Note 5 - Income Per Share

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

5

–

Income

Per

Share

Net income per common share information is as follows:

	Three months ended March 31,
	2019		2018
Basic earnings per common share:
Net income	$	80,805	$	153,305
Weighted average basic shares outstanding		35,568,775		35,564,419
Basic income per common share	$	-	$	-
Dilutive earnings per common share:
Net income allocable to common shareholders	$	80,805	$	153,305
Weighted average shares outstanding - basic		35,568,775		35,564,419
Diluted effect:
Stock options		57,333		70,364
Unvested restricted stock		181,722		194,782
Weighted average dilutive shares outstanding		35,807,830		35,829,565
Dilutive income per common share	$	-	$	-

Diluted net income per share for the

three

ended

March 31, 2019

and

2018

does

not

reflect issuance of the following potential common shares, as the effect would be antidilutive.

	Three months ended March 31,
	2019		2018
Unvested restricted stock		80,000		70,000