Note 11 - Earnings Per Common Share

6 Months Ended

Jun. 30, 2022

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,
	2022		2021		2022		2021
Earnings Per Share - Basic
Net Income	$	1,171,264	$	1,247,305	$	2,237,139	$	4,390,722
Weighted average shares of common stock outstanding - Basic		3,464,765		3,408,906		3,449,465		3,400,917
Earnings Per Share - Basic	$	0.34	$	0.37	$	0.65	$	1.29
Earnings Per Share - Diluted
Weighted average shares of common stock outstanding - Basic		3,464,765		3,408,906		3,449,465		3,400,917
Warrants, Options and Convertible Notes		-		894		-		888
Weighted average shares of common stock -Diluted		3,464,765		3,409,800		3,449,465		3,401,805
Earnings Per Share - Diluted	$	0.34	$	0.37	$	0.65	$	1.29