Note 6 - Income Per Common Share

3 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

6:

Income Per Common Share

	For three months ended March 31, 2018
	Income Available to Common Stockholders		Weighted Average Common Shares Outstanding		Per Common Share
Basic Income per Common Share	$	1,355,745		4,391,717	$	0.31
Effect of Dilutive Securities				75,069
Diluted Income per Common Share	$	1,355,745		4,466,786	$	0.30

	For three months ended March 31, 2017
	Income Available to Common Stockholders		Weighted Average Common Shares Outstanding		Per Common Share
Basic Income per Common Share	$	1,429,241		4,363,071	$	0.33
Effect of Dilutive Securities				56,952
Diluted Income per Common Share	$	1,429,241		4,420,023	$	0.32

Stock options to purchase

58,500

shares of common stock were outstanding during the

three

months ended

March 31, 2017

but were

not

included in the computation of diluted income per common share because their exercise price was greater than the average market price of the common shares.