Note 11 - Earnings Per Common Share

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Earnings Per Share - Basic
Net Income	$	1,254,545	$	1,197,877	$	3,491,684	$	5,588,599
Weighted average shares of common stock outstanding - Basic		3,476,087		3,408,906		3,458,437		3,403,609
Earnings Per Share - Basic	$	0.36	$	0.35	$	1.01	$	1.64
Earnings Per Share - Diluted
Weighted average shares of common stock outstanding - Basic		3,476,087		3,408,906		3,458,437		3,403,609
Warrants, Options and Convertible Notes		-		913		-		898
Weighted average shares of common stock -Diluted		3,476,087		3,409,819		3,458,437		3,404,507
Earnings Per Share - Diluted	$	0.36	$	0.35	$	1.01	$	1.64