Note 11 - Earnings Per Common Share

9 Months Ended

Sep. 30, 2023

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				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
Earnings Per Share - Basic
Net Income	$	2,814,736	$	1,254,545	$	10,057,550	$	3,491,684
Weighted average shares of common stock outstanding - Basic		3,510,740		3,476,087		3,506,920		3,458,437
Earnings Per Share - Basic	$	0.80	$	0.36	$	2.87	$	1.01
Earnings Per Share - Diluted
Weighted average shares of common stock outstanding - Basic		3,510,740		3,476,087		3,506,920		3,458,437
Unvested Restricted Stock Awards		25,957		-		12,752		-
Weighted average shares of common stock - Diluted		3,536,697		3,476,087		3,519,672		3,458,437
Earnings Per Share - Diluted	$	0.80	$	0.36	$	2.86	$	1.01