Income Per Common Share (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Schedule of income per common share

The following table is a summary of the reconciliation of average shares outstanding for the three months ended March 31:

	2017		2016
Numerator:
Net income	$	1,226,088	$	1,195,736
Denominator:
Weighted average shares outstanding		4,962,250		4,917,334
Effect of dilutive shares		110,851		150,229
Weighted average shares outstanding - diluted		5,073,101		5,067,563
Earnings per share - basic	$	0.25	$	0.24
Earnings per share - diluted	$	0.24	$	0.24