INCOME PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2020

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 years ended December 31.

	2020		2019		2018
Net income	$	6,460,631	$	7,318,433	$	6,922,934
Weighted average shares outstanding		5,526,948		5,522,025		5,500,027
Effect of dilutive shares		151,595		66,065		88,985
Weighted average shares outstanding - diluted		5,678,543		5,588,090		5,589,012
Earnings per share - basic	$	1.17	$	1.33	$	1.26
Earnings per share - diluted	$	1.14	$	1.31	$	1.24