Note 4 - Earnings Per Share

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

4

- EARNINGS PER SHARE

The following information was used in the computation of

EPS on a basic and diluted basis:

	Three months ended				Six months ended
	June 30,				June 30,
	2017		2016		2017		2016
Net income	$	8,766,017	$	6,676,467	$	17,950,982	$	13,049,956
Basic EPS	$	0.67	$	0.54	$	1.36	$	1.08
Diluted EPS	$	0.65	$	0.53	$	1.33	$	1.07
Weighted average common shares outstanding		13,170,283		12,335,077		13,151,833		12,064,349
Weighted average common shares issuable upon exercise of stock options and under the employee stock purchase plan		346,309		181,397		350,672		170,863
Weighted average common and common equivalent shares outstanding		13,516,592		12,516,474		13,502,505		12,235,212

The increase in weighted average common shares outstanding from

June 30, 2016

to

June 30, 2017

was primarily due to the common stock issuance discussed in Note

2

of the Company’s Annual Report on Form

10

-K for the year ended

December 31, 2016.