Exhibit 1
CRAWFORD UNITED
CONSOLIDATED STATEMENT OF COMPUTATION OF EARNINGS
PER COMMON SHARE AND SHARE EQUIVALENTS
Years Ended, |
December 31, 2022 |
December 31, 2021 |
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NET INCOME |
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Net income applicable to common shares for basic earnings per share |
$ | 6,561,403 | $ | 5,653,298 | ||||
Net Income applicable to common shares for diluted earnings per share |
$ | 6,561,403 | $ | 5,653,298 | ||||
SHARES OUTSTANDING |
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Weighted average shares for basic earnings per share |
3,462,868 | 3,405,061 | ||||||
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 |
- | - | ||||||
Total shares for diluted earnings per share |
3,462,868 | 3,405,061 | ||||||
Basic Earnings Per Common Share |
$ | 1.89 | $ | 1.66 | ||||
Diluted Earnings Per Common Share |
$ | 1.89 | $ | 1.66 |
* Net effect of stock options was antidilutive for the period.