Earnings Per Common Share (EPS)

6 Months Ended

Jun. 30, 2021

Earnings Per Common Share (EPS)

12. Earnings Per Common Share (EPS)

12. 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					SIX MONTHS ENDED
	JUNE 30,					JUNE 30,
	2021			2020		2021		2020
	(Unaudited)
Basic Earnings Per Share Computation:
Net (loss) income	$	(204,731	)	$	488,627	$	380,693	$	972,515
Weighted average number of common shares		9,072,281			8,392,031		9,033,905		8,388,020
Basic Earnings Per Share	$	(0.02	)	$	0.06	$	0.04	$	0.12
Diluted Earnings Per Share Computation:
Net (loss) income	$	(204,731	)	$	488,627	$	380,693	$	972,515
Weighted average number of common shares		9,072,281			8,392,031		9,033,905		8,388,020
Incremental shares from assumed conversions of dilutive securities		-			104,395		157,627		78,420
Adjusted weighted average number of common shares		9,072,281			8,496,426		9,191,532		8,466,440
Diluted Earnings Per Share	$	(0.02	)	$	0.06	$	0.04	$	0.11

For the three month period ended June 30, 2021, 152,500 of unexercised stock options and restricted stock awards have been excluded from the computation of loss per share because inclusion of these securities would have been anti-dilutive.