Note 11 - Earnings Per Common Share

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

11. EARNINGS PER COMMON SHARE 

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Earnings Per Share - Basic
Net Income	$	1,247,305	$	228,837	$	4,390,722	$	2,304,407
Weighted average shares of common stock outstanding - Basic		3,408,906		3,317,665		3,400,917		3,314,573
Earnings Per Share - Basic	$	0.37	$	0.07	$	1.29	$	0.70
Earnings Per Share - Diluted
Weighted average shares of common stock outstanding - Basic		3,408,906		3,317,665		3,400,917		3,314,573
Warrants, Options and Convertible Notes		894		1,599		888		1,644
Weighted average shares of common stock -Diluted		3,409,800		3,319,264		3,401,805		3,316,217
Earnings Per Share - Diluted	$	0.37	$	0.07	$	1.29	$	0.69