INCOME PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Schedule of reconciliation of average shares outstanding

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

	Three Months Ended March 31,
	2021		2020
Net income	$	1,810,075	$	1,521,131
Weighted average shares outstanding		5,521,707		5,530,256
Effect of dilutive shares		163,444		55,366
Weighted average shares outstanding - diluted		5,685,151		5,585,622
Earnings per share - basic	$	0.33	$	0.28
Earnings per share - diluted	$	0.32	$	0.27