Note 14 - Earnings Per Common Share

12 Months Ended

Dec. 31, 2021

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
	2021		2020
Net Income Per Common Share - Basic
Income available to common stockholders	$	5,653,298	$	5,839,387
Weighted Average Shares of Common Stock Outstanding		3,405,061		3,319,731
Net Income Per Common Share - Basic	$	1.66	$	1.76
Effect of Dilutive Securities
Weighted Average Shares of Common Stock Outstanding - Basic		3,405,061		3,319,731
Options and warrants under convertible note		-		822
Weighted Average Shares of Common Stock Outstanding - Diluted		3,405,061		3,320,553
Net Income Per Common Share – Diluted
Income available to common stockholders	$	5,653,298	$	5,839,387
Weighted Average Shares of Common Stock Outstanding - Diluted		3,405,061		3,320,553
Net Income Per Common Share - Diluted	$	1.66	$	1.76

Included in the computation of diluted earnings for the year ended December 31, 2020 were options of 1,000 shares Class A common stock. There were no options included in the computation of diluted earnings for the year ended December 31, 2021.