Earnings Per Common Share (EPS)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Common Share (EPS)

The computations of basic and diluted earnings per share were as follows for the periods presented below:

		THREE MONTHS ENDED
		MARCH 31,
		2021		2020
	(Unaudited)
Basic Earnings Per Share Computation:
Net income		$	585,424	$	483,888
Weighted average number of common shares			8,995,103		8,384,008
Basic Earnings Per Share		$	0.07	$	0.06
Diluted Earnings Per Share Computation:
Net income		$	585,424	$	483,888
Weighted average number of common shares			8,995,103		8,384,008
Incremental shares from assumed conversions
of dilutive securities			108,057		58,799
Adjusted weighted average number of
common shares			9,103,160		8,442,807
Diluted Earnings Per Share		$	0.06	$	0.06