Note 11 - Earnings Per Common Share

3 Months Ended

Mar. 31, 2024

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
	March 31,
	2024		2023
Earnings Per Share - Basic
Net Income	$	2,996,885	$	3,391,473
Weighted average shares of common stock outstanding - Basic		3,533,012		3,502,824
Earnings Per Share - Basic	$	0.85	$	0.97
Earnings Per Share - Diluted
Weighted average shares of common stock outstanding - Basic		3,533,012		3,502,824
Unvested Restricted Stock Awards		5,280		-
Weighted average shares of common stock - Diluted		3,538,292		3,502,824
Earnings Per Share - Diluted	$	0.85	$	0.97