6) Earnings Per Share

3 Months Ended

Mar. 31, 2020

Disclosure Text Block [Abstract]

6) Earnings Per Share

6)       Earnings Per Share

The basic and diluted earnings per share amounts were calculated as follows:

		Three Months Ended March 31
		2020	2019
Numerator:
	Net earnings	$   1,424,449	$   1,930,318
Denominator:
	Basic weighted-average shares outstanding	18,184,575	18,102,318
Effect of dilutive securities:
	Employee stock options	186,777	221,084
	Diluted weighted-average shares outstanding	18,371,352	18,323,402
Basic net earnings per share		$0.08	$0.11
Diluted net earnings per share		$0.08	$0.11

Net earnings per share amounts have been retroactively adjusted for the effect of annual stock dividends. For the three months March 31, 2020 and 2019, there were 1,316,506 and 984,415 of anti-dilutive employee stock option shares, respectively, that were not included in the computation of diluted net earnings per common share as their effect would be anti-dilutive.