Note 13 - Earnings Per Common Share

12 Months Ended

Dec. 31, 2019

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
	2019		2018
Net Income Per Common Share - Basic
Income available to common stockholders	$	6,979,863	$	3,613,710
Weighted Average Shares of Common Stock Outstanding		2,849,239		2,799,706
Net Income Per Common Share - Basic	$	2.45	$	1.29
Effect of Dilutive Securities
Weighted Average Shares of Common Stock Outstanding - Basic		2,849,239		2,799,706
Options and warrants under convertible note		428,618		381,866
Weighted Average Shares of Common Stock Outstanding - Diluted		3,277,857		3,181,572
Net Income Per Common Share – Diluted
Income available to common stockholders	$	6,979,863	$	3,613,710
Weighted Average Shares of Common Stock Outstanding - Diluted		3,277,857		3,181,572
Net Income Per Common Share - Diluted	$	2.13	$	1.14

Included in the computation of diluted earnings per for fiscal ended

December 31, 2019

and

December 31, 2018

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