Earnings Per Common Share

12 Months Ended

Dec. 31, 2021

EARNINGS PER SHARE

Earnings Per Common Share

Note 14. Earnings Per Common Share

The calculation of net income per common share for the years ended December 31, 2021 and 2020 are as follows:

	Year Ended
	December 31,
	2021		2020
Basic earnings per share:
Net income	$	2,516,387	$	1,667,741
Weighted average common shares outstanding		2,848,465		2,835,037
Basic net income per share	$	0.88	$	0.59

Diluted earnings per share calculations were not required for 2021 and 2020 as there were no options outstanding at December 31, 2021 and 2020.