Note 14 - Earnings Per Common Share

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

14.

   

EARNINGS PER COMMON SHARE

 

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

	Years Ended
	2020		2019
Net Income Per Common Share - Basic
Income available to common stockholders	$	5,839,387	$	6,979,863
Weighted Average Shares of Common Stock Outstanding		3,319,731		2,849,239
Net Income Per Common Share - Basic	$	1.76	$	2.45
Effect of Dilutive Securities
Weighted Average Shares of Common Stock Outstanding - Basic		3,319,731		2,849,239
Options and warrants under convertible note		822		428,618
Weighted Average Shares of Common Stock Outstanding - Diluted		3,320,553		3,277,857
Net Income Per Common Share – Diluted
Income available to common stockholders	$	5,839,387	$	6,979,863
Weighted Average Shares of Common Stock Outstanding - Diluted		3,320,553		3,277,857
Net Income Per Common Share - Diluted	$	1.76	$	2.13

Included in the computation of diluted earnings for the year ended

December 31, 2020

and

December 31, 2019

were options of

1,000

shares Class A common stock.