Note 9 - Earnings Per Common Share

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Earnings Per Share - Basic
Net Income	$	1,497,079	$	567,439	$	2,265,456	$	1,722,102
Weighted average shares of common stock outstanding - Basic		2,720,654		2,888,502		2,826,347		2,882,278
Earnings Per Share - Basic	$	0.55	$	0.20	$	0.80	$	0.60
Earnings Per Share - Diluted
Weighted average shares of common stock outstanding - Basic		2,720,654		2,888,502		2,826,347		2,882,278
Warrants, Options and Convertible Notes		371,866		273,473		360,599		218,738
Weighted average shares of common stock -Diluted		3,092,520		3,161,975		3,186,946		3,101,016
Earnings Per Share - Diluted	$	0.48	$	0.18	$	0.71	$	0.56