Note 13 - Earnings Per Common Share

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

13.

     EARNINGS PER COMMON SHARE

 

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

	Years Ended				Three Months Ended December 31,
	2018		2017		201 7		201 6
							(unaudited)
Net Income Per Common Share - Basic
Income (Loss) available to common stockholders	$	3,613,710	$	1,408,396	$	510,262	$	(313,706	)
Weighted Average Shares of Common Stock Outstanding		2,799,706		2,874,926		2,888,502		2,853,107
Net Income Per Common Share - Basic	$	1.29	$	0.49	$	0.18	$	(0.11	)
Effect of Dilutive Securities
Weighted Average Shares of Common Stock Outstanding - Basic		2,799,706		2,874,926		2,888,502		2,853,107
Options and warrants under convertible note		376,773		194,151		367,510		48,477
Weighted Average Shares of Common Stock Outstanding - Diluted		3,176,479		3,069,077		3,256,012		2,901,584
Net Income Per Common Share – Diluted
Income (Loss) available to common stockholders	$	3,613,710	$	1,408,396	$	510,262	$	(313,706	)
Weighted Average Shares of Common Stock Outstanding - Diluted		3,181,572		3,069,077		3,256,012		2,901,584
Net Income Per Common Share - Diluted	$	1.14	$	0.46	$	0.16	$	(0.11	)

Included in the computation of diluted earnings per share for the

three

months ended

December 31, 2017

and

2016

and for fiscal ended

December 31, 2018

and

September 30, 2017

were options, warrants and underlying shares related to the convertible notes.