Earnings Per Common Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

EARNINGS PER COMMON SHARE

9. EARNINGS PER COMMON SHARE

The Company did not have any potentially dilutive securities during the three months ended March 31, 2022 and 2021. Therefore, the Company’s earnings per share are calculated by dividing net income by the weighted average number of shares outstanding during the reporting period.

	Three Months Ended March 31,
	2022		2021
Net income	$	1,299,281	$	1,904,269
Weighted average number of common shares outstanding		9,509,670		9,481,799
Earnings per common share	$	0.14	$	0.20