Earnings Per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 7. EARNINGS PER SHARE

Earnings per share is computed under two different methods, basic and diluted, and is presented for all periods in which statements of operations are presented. Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding. Diluted earnings per share is computed by dividing net income by the weighted average number of shares of common stock and common stock equivalents outstanding.

The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share:

	For the Years Ended December 31,
	2019		2018
Basic and diluted earnings per share calculation:
Net income to common stockholders	$	815,998	$	514,965
Weighted average number of common shares outstanding - basic		4,491,135		4,473,591
Basic net income per share	$	0.18	$	0.12
Weighted average number of common shares outstanding - diluted		4,500,027		4,490,795
Diluted net income per share	$	0.18	$	0.11

For the year ended December 31, 2019 there were common stock equivalents that had a dilutive effect of approximately 8,900 shares.