Note 11 - Earnings Per Common Share

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

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1

. 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,
	2020		2019		2020		2019
Earnings Per Share - Basic
Net Income	$	1,426,090	$	1,694,868	$	3,730,497	$	5,271,805
Weighted average shares of common stock outstanding - Basic		3,324,380		2,850,958		3,317,864		2,787,845
Earnings Per Share - Basic	$	0.43	$	0.59	$	1.12	$	1.89
Earnings Per Share - Diluted
Weighted average shares of common stock outstanding - Basic		3,324,380		2,850,958		3,317,864		2,787,845
Warrants, Options and Convertible Notes		1,623		398,275		1,637		435,159
Weighted average shares of common stock -Diluted		3,326,003		3,249,233		3,319,501		3,223,004
Earnings Per Share - Diluted	$	0.43	$	0.52	$	1.12	$	1.64