Income Per Common Share (Tables)

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Schedule of reconciliation of average shares outstanding

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

	2019		2018
Net income	$	1,689,264	$	1,612,230
Weighted average shares outstanding		5,514,413		5,489,087
Effect of dilutive shares		77,939		94,284
Weighted average shares outstanding - diluted		5,592,352		5,583,371
Earnings per share - basic	$	0.31	$	0.29
Earnings per share - diluted	$	0.30	$	0.29