Note 10 - Earnings Per Common Share

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

10.

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,
	2019		2018		2019		2018
Earnings Per Share - Basic
Net Income	$	1,694,868	$	1,497,079	$	5,271,805	$	2,265,456
Weighted average shares of common stock outstanding - Basic		2,850,958		2,720,654		2,787,845		2,826,347
Earnings Per Share - Basic	$	0.59	$	0.55	$	1.89	$	0.80
Earnings Per Share - Diluted
Weighted average shares of common stock outstanding - Basic		2,850,958		2,720,654		2,787,845		2,826,347
Warrants, Options and Convertible Notes		398,275		371,866		435,159		360,599
Weighted average shares of common stock -Diluted		3,249,233		3,092,520		3,223,004		3,186,946
Earnings Per Share - Diluted	$	0.52	$	0.48	$	1.64	$	0.71