EX-11 2 ex_234398.htm EXHIBIT 11 ex_234398.htm

Exhibit 11

 

 

CRAWFORD UNITED
CONSOLIDATED STATEMENT OF COMPUTATION OF EARNINGS
PER COMMON SHARE AND SHARE EQUIVALENTS

 

Years Ended,

 

December 31,

2020

    

December 31,

2019

  
                 

NET INCOME

                

Net income applicable to common shares for basic earnings per share

  

$

5,839,387

    

$

6,979,863

  

Net Income applicable to common shares for diluted earnings per share

  

$

5,839,387

    

$

6,979,863

  

SHARES OUTSTANDING

                

Weighted average shares for basic earnings per share

    

3,319,731

      

2,849,239

  

Net effect of dilutive options available under convertible note - based on the treasury stock method using year-end market price, if higher than average market price

    

822

      

428,618

  

Total shares for diluted earnings per share

    

3,320,553

      

3,277,857

  

Basic Earnings Per Common Share

  

$

1.76

    

$

2.45

  

Diluted Earnings Per Common Share

  

$

1.76

    

$

2.13

  

 

* Net effect of stock options was antidilutive for the period.