Note 13 - Earnings Per Common Share

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

13.     EARNINGS PER COMMON SHARE 

The following table sets forth the computation of basic and diluted earnings per share and is inclusive of A and B Common Shares. 

	Years Ended
	2023		2022
Net Income Per Common Share - Basic
Income available to common stockholders	$	13,294,793	$	6,561,403
Weighted Average Shares of Common Stock Outstanding		3,507,883		3,462,868
Net Income Per Common Share - Basic	$	3.79	$	1.89
Effect of Dilutive Securities
Weighted Average Shares of Common Stock Outstanding - Basic		3,507,883		3,462,868
Unvested Restricted Stock Awards		18,953		-
Weighted Average Shares of Common Stock Outstanding - Diluted		3,526,836		3,462,868
Net Income Per Common Share – Diluted
Income available to common stockholders	$	13,294,793	$	6,561,403
Weighted Average Shares of Common Stock Outstanding - Diluted		3,526,836		3,462,868
Net Income Per Common Share - Diluted	$	3.77	$	1.89

There were no options included in the computation of diluted earnings for the year ended December 31, 2023 or for the year ended December 31, 2022.