Note 8 - Earnings Per Share

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

8

–

Earnings per Share

The calculation of basic and diluted weighted average common shares outstanding is as follows:

	2020		2019
Weighted average common shares outstanding basic earnings per share		6,640,272		6,562,141
Effect of potential common share issuance:
Stock options		-		-
Weighted average common shares outstanding
Diluted earnings per share		6,640,272		6,562,141

At

December 31, 2020,

stock options to purchase

417,000

shares of common stock were outstanding and

377,000

were exercisable. Stock options to purchase

432,930

shares of common stock were outstanding and

307,930

were exercisable at

December 31, 2019.

At

December 31, 2020

and

2019,

respectively,

417,000

and

307,930,

stock options were

not

included in the computation of diluted earnings per share because their effect was antidilutive.