Earnings Per Common Share (EPS) (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Common Share (EPS)

Schedule of earnings per common share

	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 30,				SEPTEMBER 30,
	2021		2020		2021		2020
	(Unaudited)
Basic Earnings Per Share Computation:
Net income	$	534,884	$	1,066,963	$	915,577	$	2,039,478
Weighted average number of common shares		9,129,406		8,450,843		9,066,088		8,409,114
Basic Earnings Per Share	$	0.06	$	0.13	$	0.10	$	0.24
Diluted Earnings Per Share Computation:
Net income	$	534,884	$	1,066,963	$	915,577	$	2,039,478
Weighted average number of common shares		9,129,406		8,450,843		9,066,088		8,409,114
Incremental shares from assumed conversions of dilutive securities		28,990		76,466		116,102		54,447
Adjusted weighted average number of common shares		9,158,396		8,527,309		9,182,190		8,463,561
Diluted Earnings Per Share	$	0.06	$	0.13	$	0.10	$	0.24