Note 9 - Earnings Per Common Share

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

9.

EARNINGS PER COMMON SHARE

 

The following table sets forth the computation of basic and diluted earnings per share.

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Earnings Per Share - Basic
Net Income	$	394,625	$	941,523	$	768,377	$	1,154,663
Weighted average shares of common stock outstanding - Basic		2,721,832		2,880,719		2,880,070		2,879,115
Earnings Per Share - Basic	$	0.14	$	0.33	$	0.27	$	0.40
Earnings Per Share - Diluted
Weighted average shares of common stock outstanding - Basic		2,721,832		2,880,719		2,880,070		2,879,115
Warrants, Options and Convertible Notes		354,244		191,681		356,520		164,504
Weighted average shares of common stock -Diluted		3,076,076		3,072,400		3,236,590		3,043,619
Earnings Per Share - Diluted	$	0.13	$	0.31	$	0.24	$	0.38