Note 3 - Net Income per Share

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 3. Net Income per Share

(in thousands, except share and per share data)

Net income per share - basic has been computed based on the weighted average number of shares outstanding during each period. Net income per share - diluted has been computed based on the weighted average number of shares outstanding during each period plus the dilutive effect of outstanding stock options and restricted stock using the treasury stock method. Net income per share was computed as follows:

	For the Three Months
	Ended March 31,
	2023		2022
Basic weighted average shares outstanding		5,595,320		5,587,070
Dilutive effect of granted options		-		-
Diluted weighted average shares outstanding		5,595,320		5,587,070
Net income	$	1,140	$	2,036
Net income per share-basic	$	0.20	$	0.36
Net income per share-diluted	$	0.20	$	0.36